Solved

Match the Correct Word or Phrase from A-H

Question 68

Matching

match the correct word or phrase from A-H.

Premises:

Responses:

Proceeding forward through the accounting and control system from the evidence to the financial statements.

External-internal evidence

Audit of details of transactions and balances.

Vouching

Audit procedure that provides compelling evidence of existence.

Substantive procedures

Documentation prepared by independent parties and sent to the client.

Inspection of tangible assets

A list of audit procedures.

Confirmation

Direct correspondence with independent parties.

Tracing

Audit plan

Inquiry

Premises:

Proceeding forward through the accounting and control system from the evidence to the financial statements.

Audit of details of transactions and balances.

Audit procedure that provides compelling evidence of existence.

Documentation prepared by independent parties and sent to the client.

A list of audit procedures.

Direct correspondence with independent parties.

Responses:

External-internal evidence

Vouching

Substantive procedures

Inspection of tangible assets

Confirmation

Tracing

Audit plan

Inquiry

Correct Answer:

Premises:

Responses:

External-internal evidence

Vouching

Substantive procedures

Inspection of tangible assets

Confirmation

Tracing

Audit plan

Inquiry