Below are 12 audit procedures. Classify each procedure according to the following types of audit evidence:
-Make a surprise count of petty cash to verify that the amount of the petty cash fund is intact.
A) physical examination
B) observation
C) confirmation
D) inspection
E) analytical procedures
F) inquiry of the client
G) recalculation
H) reperformance

Question

Quizplus · Accepted Answer

Physical examination involves the auditor's direct inspection or count of a tangible asset, such as cash, inventory, or equipment. Making a surprise count of petty cash is a direct inspection of the cash on hand to verify its amount, fitting the definition of physical examination.

Below Are 12 Audit Procedures