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  • Question 2

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    Selma Iilonga
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    This document classifies evidence sources, audit procedures, and assesses the reliability of evidence for five separate cases. It identifies the evidence as being developed by the auditor or obtained from the client or third parties. It then indicates whether each procedure is a test of control or substantive procedure. Finally, it assesses if the evidence is reliable or not and identifies the relevant financial statement assertion for each case.

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    This document classifies evidence sources, audit procedures, and assesses the reliability of evidence for five separate cases. It identifies the evidence as being developed by the auditor or obtained from the client or third parties. It then indicates whether each procedure is a test of control or substantive procedure. Finally, it assesses if the evidence is reliable or not and identifies the relevant financial statement assertion for each case.

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    © All Rights Reserved
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    2 views1 page

    Question 2

    Uploaded by

    Selma Iilonga
    This document classifies evidence sources, audit procedures, and assesses the reliability of evidence for five separate cases. It identifies the evidence as being developed by the auditor or obtained from the client or third parties. It then indicates whether each procedure is a test of control or substantive procedure. Finally, it assesses if the evidence is reliable or not and identifies the relevant financial statement assertion for each case.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
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    Question 2

    1. Classify each of the above in terms of the source


    • Evidence developed by auditor
    • Evidence obtained from the client
    • Evidence obtained from third parties
    • Evidence developed by auditor
    • Evidence developed by auditor

    2. Indicate whether each procedure is a test of control or a substantive procedure


    • Test of control
    • Substantive procedure
    • Substantive procedure
    • Test of control
    • Test of control

    3. Assess the evidence obtained and state whether it is “reliable” or “not reliable” AND
    also indicate which assertion would be relevant in each case.
    • It is reliable, accuracy.
    • It is reliable, existence
    • It is not reliable, accuracy or existence
    • It is reliable, completeness
    • It is reliable, occurrence.

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