Question
Write the word or phrase that best completes each statement or answers the question. Example: For each of the descriptions 1-6, match the correct word
Write the word or phrase that best completes each statement or answers the question.
Example:
For each of the descriptions 1-6, match the correct word or phrase from A-H.
A. Inspections of tangible assets
B. Confirmation
C. Tracing
D. Vouching
E. Inquiry
F. External-internal evidence
G. Audit plan
H. Substantive procedures
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___ | 1. | Documentation prepared by independent parties and sent to the client. |
___ | 2. | Proceeding forward through the accounting and control system from the evidence to the financial statements. |
___ | 3. | Audit of details of transactions and balances. |
___ | 4. | Audit procedure that provides compelling evidence of existence. |
___ | 5. | Direct correspondence with independent parties. |
___ | 6. | A list of audit procedures. |
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