Author Question: Which of the following statements is correct regarding the costs involved in obtaining evidence? (Read 49 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

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