Q5:

Which of the following is a correct statement regarding audit evidence?

a.

A large sample of evidence provided by an independent party is always considered persuasive evidence.

b.

A small sample of only one or two pieces of highly appropriate evidence is always considered persuasive evidence.

c.

The auditor must obtain a sufficient amount of relevant and reliable evidence to form an opinion on the fairness of the financial statements.

d.

Evidence is usually more reliable for balance sheet accounts when it is obtained within six months of the balance sheet date.

Q6 :

An example of a document the auditor receives from the client, but which was prepared by someone outside the client's organization is a

a.

confirmation.

b.

vendor invoice.

c.

sales invoice.

d.

bank reconciliation.