The nature of evidence refers to the purpose of the evidence (internal control test or substantive test)and the specific audit procedure used to gather the evidence (inspection,observation,inquiry,confirmation,recalculation,reperformance,or analytical procedure).
Correct Answer:
Verified
Q14: Vouching is a relevant procedure for obtaining
Q15: Which of the following are audit procedures
Q16: The auditing standards require the auditor to
Q17: The management of a company has a
Q18: Which of the following are audit procedures
Q20: Evidence is important to the audit because
Q21: The nature of the evidence refers to
A)the
Q22: The higher the risk of material misstatement,the
Q23: The relationship between risk and the extent
Q24: The auditor uses the "inquiry" process when
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