Question
1. Indicate the primary form of audit evidence for this procedure: Examine fixed assets included on a list of fixed asset additions. Group of answer
1.
Indicate the primary form of audit evidence for this procedure:
Examine fixed assets included on a list of fixed asset additions.
Group of answer choices
Physical examination
Confirmation
Inspection
Observation
Inquiries of client
Recalculation
Reperformance
Analytical procedures
2.
Indicate the primary form of audit evidence for this procedure:
Examine bank statement obtained from client to verify that bank balance agrees with the client's bank reconciliation.
Group of answer choices
Physical examination
Confirmation
Inspection
Observation
Inquiries of client
Recalculation
Reperformance
Analytical procedures
3.
Indicate the primary audit objective satisfied by this audit procedure:
Vouch purchases included in the acquisitions journal to receiving reports to verify that the goods were received.
Group of answer choices
Occurrence
Detail tie-in
Timing
Posting and summarization
Existence
Completeness - balances
Cutoff
Completeness - transactions
Realizable value
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