Appropriateness (of audit evidence) ?


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Raw-Materials

  1. Screwdrivers, hammers are?

Loose Tools

  1. Plant, property and equipment are…………………..?

Fixed Assets

  1. Assets acquired through cash and easily convertible into cash during the normal course of business are termed as ……………..

current assets

  1. An auditor’s expert may be the auditor’s………………………….?

internal expert or an external expert

  1. Audit evidence may be........................

physical, documentary, oral or analytical

  1. Notes, photographs, drawings, samples, or audiovisual material are………………………

Physical evidence
obtained from direct inspection or observation of people, property or events

  1. Documents, accounting records, management representations and reports are………………

Documentary evidence

  1. Audit evidence which is generated directly by the auditors is ……………..quality

Highest

  1. Audit evidence which is provided by third parties external to the entity is ………….quality

Higher

  1. Audit evidence which is provided by the auditee is ………….quality

Lower, due to potential bias

  1. How many source have in audit evidence?

3ta. Generated directly by the auditors, Provided by third parties external to the entity, Provided by the auditee

  1. How many types have in audit evidence?

4ta. Audit evidence may be physical, documentary, oral or analytical

  1. How many types have in audit opinion?

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