Ch. 14 - Audit Evidence Flashcards
1
Q
Audit evidence is required to be _______ and ______
A
sufficient and appropriate
2
Q
Sufficient evidence means
A
the quantity of evidence obtained
3
Q
Appropriate evidence means
A
the relevance and reliability
4
Q
Persuasive evidence means
A
persuasive vs conclusive, often due to sampling
5
Q
Three forms of evidence
A
- internally generated
- externally generated, but held by the client
- externally generated
6
Q
Different types of evidence
A
- physical
- confirmation
- documentary
- analytical
