Procedures to Obtain Evidence

Question 1

C FIVE CARROT WARS

Answer 1

C-Confirmation
F-Footing, Cross-Footing, and Reconciliation
I-Inquiry
V-Vouching
E-Examination/Inspection
C-Cutoff Review
A-Analytical Procedures
R-Reperformance
R-Reconciliation
O-Observation
T-Tracing
W-Walk-through
A-Auditing Related Accounts Simultaneously
R-Representation Letter
S-Subsequent Review

Question 2

Substantive Procedures

Answer 2

• Transaction Totals
• Account Balances
• Disclosures

Question 3

Analytical Procedures

Answer 3

Planning - Required
Substantive Procedures - Not Required
Final Review - Required

Question 4

AEIO

Answer 4

A-Actual Evidence
E-External Evidence
I-Internal Evidence
O-Oral Evidence

Question 5

Postive Confirmation

Answer 5

-Must Respond

Question 6

Negative Confirmation

Answer 6

• No news is good news.

- not required to respond.