Which of these audit evidence is more reliable for an auditor to use in gathering evidence than the other (pick one): Employee described process or direct knowledge of the process ___________________ External third party documents or internally provided documents ____________________ Copies of document or original documents ____________________

Which of these audit evidence is more reliable for an auditor to use in gathering evidence than the other (pick one): Employee described process or direct knowledge of the process _ External third party documents or internally provided documents Copies of document or original documents __

Auditing: A Risk Based-Approach (MindTap Course List)

11th Edition

ISBN:9781337619455

Author:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg

Publisher:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg

Chapter1: Quality Auditing: Why It Matters

Section: Chapter Questions

Problem 13RQSC

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5. n the CCCER model, this is where the audit team or client addresses the problem identified while they do audit or operations refers to ___________.
5. Which of these audit evidence is more reliable for an auditor to use in gathering evidence (pick one) than the other: Written documentation or oral documentation ____________________ 2.Copies of document or original document ____________________
Refer to Exhibit 2.5 and answer the following questions. a. (Sections 101, 104, and 105) How does the establishment and operation of the PCAOB help to ensure quality external audits? How will audit firm inspections and investigations by the PCAOB help ensure high audit quality? b. (Sections 201-203) How do Sections 201-203 address audit ()r independence concerns? c. (Section 206) What is a cooling-off period, and how does it address auditor independence concerns? d. (Section 301) How do the audit committee requirements help ensure effective corporate governance? e. (Sections 302 and 906) How do the officer certification requirements help to address the risk of fraud in publicly traded organizations? What is the likelihood that a CFO who is committing fraudulent financial reporting would sign the certification falsely, and what are your reactions to that possibility? f. (Section 401) How does this section relate to the Enron fraud? g. (Section 404) How do the management assessment and audit or attestation of internal controls contained in this section help to address the risk of fraud in publicly traded organizations? h. (Section 407) Why is it important that at least one member of the audit committee be a financial expert? What are the financial reporting implications if the audit committee does not have any individuals serving on it who possess financial expertise? i. (Section 802) How does this section relate to the Enron fraud?
{Auditing} 22. ________________involves checking the arithmetical accuracy of a source of document and accounting record. a. Observation b. Inspection c. Enquiry d. Computation
{Auditing} 25. _________________are tests involved in obtaining evidential matter on items included in an account balance or class of transactions. a. Test of Control b. Analytical procedures c. All the options d. Tests of details
{Auditing} 11. How could an auditor ensure that a client or employer receives competent professional services based on current developments in practice, legislation and techniques? a. Through confidentiality of information b. All the options c. Through professional competence and due care d. Through Professional behavior
1. What are the evidence garthering techniques Used in Information System Auditing by Internat auditors? 2. What are the evidence garthering techniques Used in Information System Auditing by external auditors? 3. what is the different between Internal and external auditors and what privilleges do internal auditors has than external. 4. By answering these questions use accessible reference and provide their link for me to read after, prefereable references are from ResearchGate, IEE and other accademic repository. 5. Use intext citations.
Which of the following is a category of audit documentation? * Current file Permanent file O Audit administrative file O All of the above O None of the above
5. All of these reasons are important to discuss the types of service with management before performing the audit work, except ___________ Question 5 options: a) To avoid misunderstanding b) To charge more audit hours and fees c) To prepare the auditor for the job d) To determine the audit procedures required
____________can be defined as a management process that monitors on an ongoing basis whether internal controls are operating effectively. a) Continous monitoring b) Computer assisted audit techniques c) Continuous auditing d) Applicaiton controls
10 Which of these two tasks is one of the major responsibilities of an auditor regarding the audited financial statements? Pick one: Fraud or Material Misstatements ______________________ Reasonable assurance or absolute assurance ______________________
List the management reports and computer files that can be used for audit evidence. What information in them can be useful to auditors?