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Accounting
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23 Nov 2019

Which of the following functions of audit documentation isincorrect? (Points : 1)

Documentation assistsaudit supervisors to review the quality of work performed.
Documentation assistsplanning and performing the audit.
Documentation ensures allmisstatements are discovered.
Documentation holdsauditors accountable for the work performed.

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Jamar Ferry
Jamar FerryLv2
11 Oct 2019
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Related questions

Research the definitions of the key terms below and differentiate between the following pairs of terms:

Audit Planning / Audit Control

Audit Evidence / Audit Documentation

Audit Strategy / Audit Plan

Ensure to cited work.

Audit Plan / Planning Memorandum

Compare and share your findings with each other in the discussion forum for this unit.

Multiple Choice 6
The __________ audit procedure is used for the audit of__________.
a. examine system access logs; program development
b. review programming evaluation standards; overall computersecurity
c. proper use of internal and external file labels; computerprocessing controls
d. review program documentation standards; programmodification
Multiple Choice 7
An integrated test facility technique
a. examines the way transactions are processed
b. places a small set of fictitious records in the masterfiles
c. uses embedded audit modules to continuously monitor transactionactivity and collect data on
transactions with special audit significance
d. searches a program for occurrences of a specified variable nameor other character combinations
Multiple Choice 8
The audit technique used to catch the State Farm Life InsuranceCompany employee fraudulently taking cash
was
a. audit hooks
b. snapshot technique
c. program tracing
d. internal control testing
Multiple Choice 9
Two of the most popular audit software packages include:
a. ITF
b. ACL
c. CIS
d. SCARF
Multiple Choice 10
The first step in an operational audit is
a. evaluating evidence
b. collecting evidence
c. communicating the results
d. none of the above

Auditing procedures:

1) As an auditor, how would you verify adequacy of accumulated depreciation?

2) A client found that land and buildings have been revalued during the year. What procedures would an auditor perform to verify the revaluation?

3) When auditing for many years, should auditors use the same audit procedures every year? Why or why not?

4) How can an auditor introduce unpredictability in his audit procedure?

5) Auditing procedures generate evidence for the auditor. Compare and contrast the evidence generated by the following seven types of auditing procedures: Inquiry, Observations, Examination of documentation, Confirmation, Physical examination, Reperformance, Analytical procedures, and Recalculation.

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