Quizz #4

Audit Evidence
1. Identify the six characteristics that determine the reliability of evidence. For each
characteristic, provide one example of a type of evidence that is likely to be reliable.
2. List the eight types of audit evidence included in this chapter and give two examples of
each.
3. When are analytical procedures required on an audit? What is the primary purpose of
analytical procedures during each phase of the audit?
4. Name the four categories of financial ratios and give an example of a ratio in each
category. What is the primary information provided by each financial ratio category?
5. List the purposes of audit documentation and explain why each purpose is important.
6. Explain why it is important for audit documentation to include each of the following:
identification of the name of the client, period covered, description of the contents,
initials of the preparer and the reviewer, dates of the preparation and review, and an
index code.