Author Question: Which of the following statements is correct regarding the costs involved in obtaining evidence? (Read 41 times)

olivia_rose · **on:** Aug 21, 2022

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 · **Reply #1 on:** Aug 21, 2022

A FREE account is required to view all solutions!

Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.

Answer Preview

Only 39% of students answer this correctly