Audit Evidence
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Questions and Answers

Which one of the following is NOT a characteristic that determines the persuasiveness of evidence?

  • Relevance
  • Reliability
  • Completeness
  • Independence (correct)

Which one of the following is NOT a type of evidence used in auditing?

  • Physical evidence
  • Oral evidence (correct)
  • Analytical evidence
  • Documentary evidence

What is the purpose of analytical procedures in auditing?

  • To evaluate financial statement assertions (correct)
  • To assess control risk
  • To determine the sufficiency of evidence
  • To detect fraud

Which one of the following is NOT a financial ratio commonly computed in auditing?

<p>Inventory turnover ratio (D)</p> Signup and view all the answers

What is the purpose of audit documentation?

<p>To provide evidence of compliance with auditing standards (C)</p> Signup and view all the answers

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