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What is lowden representation

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Problem 1: A PA is planning the audit of? Lowden's Company. Lowden verbally asserts to the PA that all the expenses for the year have been recorded in the accounts.? Lowden's representation

A. is sufficient evidence for the PA to conclude that the completeness assertion is supported for the expenses.
B. should be disregarded because it is not in writing.
C.can enable the PA to minimize his work during control testing for the completeness of expenses.
D. is not considered a sufficient basis for the PA to conclude that all expenses have been recorded.

Problem 2: Audit evidence can come in different forms with different degrees of persuasiveness. Which of the following is the least persuasive type of? evidence?

A. bank statement obtained from the client
B. computations made by the auditor
C. a? vendor's invoice
D. prenumbered client sales invoices

Reference no: EM132690972

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