Answered step by step
Verified Expert Solution
Question
1 Approved Answer
There are four places marked on the table below. Please explain them using your own examples using at least 100 words for each mark. TABLE
There are four places marked on the table below. Please explain them using your own examples using at least 100 words for each mark. TABLE 6-4 Appropriateness of Types of Evidence Criteria to Determine Appropriateness Effectiveness of Auditor's Type of Independence Client's Internal Direct Qualifications Objectivity Evidence of Provider Controls Knowledge of Provider of Evidence Physical High (auditor does) Varies High Normally high High examination (auditor does) Confirmation High Not applicable Low Varies-usually high High Inspection Varies--external documents Varies Varies High more independent than internal documents Analytical proce- High/low (auditor does/client Varies Low Normally high (auditor Varies-depends on dures responds) does/client responds) reliability of data Inquiries of client Low (client provides) Not applicable 4 Low Varies 2 Varies-low to high Recalculation High (auditor does) Varies High High (auditor does) High 3 Reperformance High (auditor does) Varies High High (auditor does) High Observation High (auditor does) Varies Normally high Medium (auditor does) Low 1 High There are four places marked on the table below. Please explain them using your own examples using at least 100 words for each mark. TABLE 6-4 Appropriateness of Types of Evidence Criteria to Determine Appropriateness Effectiveness of Auditor's Type of Independence Client's Internal Direct Qualifications Objectivity Evidence of Provider Controls Knowledge of Provider of Evidence Physical High (auditor does) Varies High Normally high High examination (auditor does) Confirmation High Not applicable Low Varies-usually high High Inspection Varies--external documents Varies Varies High more independent than internal documents Analytical proce- High/low (auditor does/client Varies Low Normally high (auditor Varies-depends on dures responds) does/client responds) reliability of data Inquiries of client Low (client provides) Not applicable 4 Low Varies 2 Varies-low to high Recalculation High (auditor does) Varies High High (auditor does) High 3 Reperformance High (auditor does) Varies High High (auditor does) High Observation High (auditor does) Varies Normally high Medium (auditor does) Low 1 High
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started