Which of the following statements is correct regarding the costs ...

[olivia_rose]

Question 1

Which of the following is not a correct combination of terms and related type of audit evidence?
◦ inquire - inquiries of client
◦ count - physical examination
◦ recompute - recalculation
◦ read - documentation

Question 2

Which of the following statements is correct regarding the costs involved in obtaining evidence?
◦

Physical examination is usually the  least expensive type of audit  evidence	Cost of obtaining evidence may be a factor in deciding whether to  obtain that evidence
Yes	Yes

◦

Physical examination is usually the  least expensive type of audit  evidence	Cost of obtaining evidence may be a factor in deciding whether to  obtain that evidence
No	No

◦

Physical examination is usually the  least expensive type of audit  evidence	Cost of obtaining evidence may be a factor in deciding whether to  obtain that evidence
Yes	No

◦

Physical examination is usually the  least expensive type of audit  evidence	Cost of obtaining evidence may be a factor in deciding whether to  obtain that evidence
No	Yes

[katrey9207]

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Only 39% of students answer this correctly

[olivia_rose]

YES! Correct, THANKS for helping me on my review

[adf223]

Thanks for the timely response, appreciate it