UNIT 6: INFORMATION GATHERING Flashcards
What are the four qualities of information needed to achieve engagement objectives?
Sufficient
Reliable
Relevant
Useful
__________ information is factual, adequate, and convincing so that a prudent, informed person would reach the same conclusions as the auditor.
Sufficient.
__________ information is the best attainable information through the use of appropriate engagement techniques.
Reliable.
__________ information supports engagement observations and recommendations and is consistent with the objectives for the engagement.
Relevant.
__________ information helps the organization meet its goals.
Useful.
Generally, information obtained from (1) __________ sources is more reliable than information obtained from (2) __________ sources.
External
Internal
Information that establishes a fact or conclusion without having to make any assumptions is
Direct evidence.
Information that establishes a fact or conclusion that can then lead by inference to another fact is
Circumstantial evidence.
Which form of audit evidence relies on the interrelationships among data?
Analytical information.
Questionnaires produce which form of audit evidence?
Testimonial information.
The four types of interviews are
Preliminary,
Fact-gathering,
Follow-up, and
Exit.
Direct __________ is watching a process or procedure being performed.
Observation.
Qual informação é factual, adequada e convincente?
Suficiente
Qual informação é obtida através de técnicas adequadas?
Reliable - confiável
Qual informação da suporte às observações e é consistente com os objetivos?
Relevante
