Briefly explain the definition of audit evidence

Assignment Help Accounting Basics
Reference no: EM133102441

Question - Saleha was recently hired by the accounting firm of Haron & Associates. After two weeks of joining the firm, Saleha was sent to the first-year staff training course.

The instructor asked her to prepare answers for the following questions:

a. Briefly explain the definition of Audit Evidence.

b. How does evidence relate to assertions and to the audit report?

c. What are the characteristics of evidence should an auditor be concerned with when searching for and evaluating evidence?

Reference no: EM133102441

Questions Cloud

Discuss the overall risk management strategy for project : This week, you will complete the Project Outline sections of the template, as follows:
Explain the audit manager concern : You are the audit senior on the audit of Abundant Games Ltd (AGL), a large retalier of computer games. Explain the audit manager concern
Kinds of role intelligences : -Discuss and explain the 4 kinds of role intelligences that explain the relationship between temperament and intelligence (i.e., diplomacy, strategy, tactics, a
Calculate the total amount of deposits created : Let's assume that the $250 million of deposits created by Bank A's loan is deposited at Bank B, then Bank C, Calculate the total amount of deposits created
Briefly explain the definition of audit evidence : Question - Saleha was recently hired by the accounting firm of Haron & Associates. Briefly explain the definition of Audit Evidence
What do you understand by external environment : What do you understand by external environment? Take example of an organization and analyse how they are scanning the following techniques for their business?
How much is the bonus before bonus and before tax : NANOEDGE Co. grants its managerial employees bonus in the form of profit sharing. How much is the bonus before bonus and before tax
Motivate employees in different cultures : Identify some basic issues managers must confront when attempting to motivate employees in different cultures. Provide an example and be specific.
Personal leadership style and leadership philosophy : Personal leadership style and leadership philosophy, Applicability of leadership theories for organizational health, Importance of diversity

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd