5 Questions
Which of the following is NOT one of the four audit evidence decisions needed to create an audit program?
Determining the characteristics that determine the persuasiveness of evidence
Which of the following is NOT a type of evidence used in auditing?
Legal evidence
What is the purpose of analytical procedures in auditing?
To compute common financial ratios
What is the formula to compute common financial ratios?
$Profit Margin = \frac{Net Income}{Sales}$
What is the purpose of audit documentation?
To prepare organized audit documentation
Test your knowledge on audit evidence and its importance in the auditing profession. Learn about the characteristics that make evidence persuasive and the different types of evidence used in audits.
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