Contemporary Auditing 10th Edition by Michael Knapp

Exercise 6

In reviewing the United Airlines-Cardillo agreement, Shepherd collected evidence that supported the $203,000 adjusting entry as booked and evidence that suggested the entry was recorded improperly. Identify each of these items of evidence. What characteristics of audit evidence do the profession's technical standards suggest auditors should consider Analyze the audit evidence that Shepherd collected regarding the disputed entry in terms of those characteristics.