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Homework answers / question archive / Mindanao State University ACCOUNTING 141 AUDIT EVIDENCE 1)Which of the following is correct? The evidence that the auditor accumulates remains the same from audit to audit, but the general objectives vary, depending on the circumstances
1)Which of the following is correct?
In evaluating these conditions,
If they were placed in the order of their reliability, from highest to lowest, the sequence would be
a. 1, 2, 3
b. 3, 2, 1
c. 2, 3, 1
d. 3, 1, 2
AUDIT PROCEDURES
This most likely means that
` d. detection risk at low to very low.
reduce detection risk to an acceptable level by performing only substantive tests for a number of financial statement assertions. The auditor’s alternative strategy is to