Audit procedures may be performed Prior to the fiscal year end of the client After the fiscal year end of the client A Yes Yes B No No C Yes No D No Yes The principles requires the auditor to accumulate sufficient competent evidence to support the opinion issued Because of the nature of audit evidence, it is A Likely that the auditor change his her mind about the opinion if he she took the time to gather additional evidence B Unlikely the auditor will arrive at a conclusion C Likely the auditor will be completely convinced that the opinion is correct D Unlikely the auditor will be completely that the opinion is correct Which of the following forms of evidence is most reliable A Internal memo explaining the issuance of a credit memo B General ledger account balances C Copy of month end adjusting entries D Confirmation of A R balance received from a customer QUESTION 1 Audit procedures may be performed Prior to the fiscal year end of the client After the fiscal year end of the client A Yes Yes B No No O C Yes No D No Yes QUESTION 2 The principles requires the auditor to accumulate sufficient competent evidence to support the opinion issued Because of the nature of audit evidence, it is A Likely that the auditor change his her mind about the opinion if he she took the time to gather additional evidence O B Unlikely the auditor will arrive at a conclusion O C Likely the auditor will be completely convinced that the opinion is correct OD Unlikely the auditor will be completely that the opinion is correct QUESTION 3 Which of the following forms of evidence is most reliable A Internal memo explaining the issuance of a credit memo B General ledger account balances OC Copy of month end adjusting entries O D Confirmation of A R balance received from a customer

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Posted on Sep 11, 2024

Audit procedures may be performed Prior to the fiscal year end of the client/After the fiscal year-end of the client. A. Yes/Yes B. No/No C.

Audit procedures may be performed Prior to the fiscal year end of the client/After the fiscal year-end of the client.

A. Yes/Yes

B. No/No

C. Yes/No

D. No/Yes

The principles requires the auditor to accumulate sufficient competent evidence to support the opinion issued. Because of the nature of audit evidence, it is

		A. Likely that the auditor change his/her mind about the opinion if he/she took the time to gather additional evidence.
		B. Unlikely the auditor will arrive at a conclusion
		C. Likely the auditor will be completely convinced that the opinion is correct
		D. Unlikely the auditor will be completely that the opinion is correct.

Which of the following forms of evidence is most reliable

		A. Internal memo explaining the issuance of a credit memo
		B. General ledger account balances
		C. Copy of month-end adjusting entries
		D. Confirmation of A/R balance received from a customer

QUESTION 1 Audit procedures may be performed Prior to the fiscal year end of the client/After the fiscal year-end of the client. A. Yes/Yes B. No/No O C. Yes/No D. No/Yes QUESTION 2 The principles requires the auditor to accumulate sufficient competent evidence to support the opinion issued. Because of the nature of audit evidence, it is A. Likely that the auditor change his/her mind about the opinion if he/she took the time to gather additional evidence. O B. Unlikely the auditor will arrive at a conclusion O C . Likely the auditor will be completely convinced that the opinion is correct OD Unlikely the auditor will be completely that the opinion is correct. QUESTION 3 Which of the following forms of evidence is most reliable A. Internal memo explaining the issuance of a credit memo B. General ledger account balances OC. Copy of month-end adjusting entries O D. Confirmation of A/R balance received from a customer