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Account-One Of The Qualities Of Audit Evidence Is Relevance

Submitted by • November 2, 2018

One of the qualities of audit evidence is relevance, or relation to the applicable financial statement assertions. Select from the list provided the assertion that is most likely tested by each of the audit procedures. Each choice may be used once, more than once, or not at all.Completeness Accuracy Rights and Obligations Valuation and Allocation Existence Occurrence Classification and Understand ability Cutoff The auditor reviewed delinquent customers’ credit ratings.The auditor confirmed accounts receivable.The auditor vouched the recorded accounts receivable to shipping documents.The auditor inquired of management about the possibility that the receivables had been sold or factored.The auditor determined that a note was included describing any sales to related parties.The auditor tested depreciation related to equipment to determine that it is generally accepted and applied consistently.The auditor examined titles related to vehicles reported in the equipment account.The auditor det

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Voted by Simon Brooke

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