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Questions and Answers
Which of the following is NOT one of the four audit evidence decisions needed to create an audit program?
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 (correct)
- Specifying the types of analytical procedures and their purposes
- Computing common financial ratios
- Identifying the types of evidence used in auditing
Which of the following is NOT a type of evidence used in auditing?
Which of the following is NOT a type of evidence used in auditing?
- Confirmation
- Legal evidence (correct)
- Physical examination
- Observation
What is the purpose of analytical procedures in auditing?
What is the purpose of analytical procedures in auditing?
- To identify the four audit evidence decisions
- To determine the persuasiveness of evidence
- To compute common financial ratios (correct)
- To contrast audit evidence with evidence used by other professions
What is the formula to compute common financial ratios?
What is the formula to compute common financial ratios?
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What is the purpose of audit documentation?
What is the purpose of audit documentation?
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