Evidence

Question 1

What does sufficiency relate to?

Answer 1

The quantity of evidence

Question 2

What does appropriateness relate to?

Answer 2

The quality of evidence

Question 3

What two categories does the appropriateness of evidence break down into?

Answer 3

Reliability and relevance

Question 4

What are the six assertions about classes of transactions and events?

Answer 4

Occurence
Completeness
Accuracy
Cut-off
Classification
Presentation

Question 5

What are the 6 assertions about account balances and related disclosures?

Answer 5

Existence
Rights and obligations
Completeness
Accuracy, valuation and allocation
Classification
Presentation

Question 6

What are the two sources of audit evidence?

Answer 6

Tests of control
Substantive procedures

Question 7

Which type of sampling involves using a constant sampling interval?

Answer 7

Systematic selection

Question 8

Which type of sampling involves selecting items based on monetary values?

Answer 8

Monetary unit selection

Question 9

Which type of sampling does not follow a structured technique but avoids bias or predictability?

Answer 9

Haphazard