Possible Answers

• An independent execution of procedures or controls that were originally performed by the client.
• Establishing the validity of a transaction by examining supporting documents.
• Examining a document or record.
• Following a transaction from a source document to recorded entries.
• Obtaining a written response about a particular item from a third party.
• Physically examining an asset.
• Testing the mathematical accuracy of documents or records.

Week 3: Homework i Saved 2 Select the following audit terms with their definitions. Definitions 9 points Audit terms Inspection of records Inspection of tangible assets External confirmation Reperformance Recalculation Tracing Vouching eBook Print References