All of those are reliable sources. Physical examination, confirmation, documents (internal and external), analytical procedures, inquiries...

All of those are reliable sources. Physical examination, confirmation, documents (internal and external), analytical procedures, inquiries of the client, recalculation, re-performance and observation. What is the most reliable evidence and why?

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ekkarill92 answered 1 year ago

Classify each of the following according to the type of evidence: A) Analytical procedures C) Examination...

Classify each of the following according to the type of evidence: A) Analytical procedures C) Examination of documents E) Observation G) Recalculation H) Reperformance I) Scanning B) Confirmation D) Inquiry F) Inspection of assets (i.e Physical examination ) Procedures: 1. Review vendor balances (accounts payable subsidiary ledger) looking for balances with debit amounts. 2. Discuss with company personnel how warranty expense was determined. 3. Examine a check from a customer before it is deposited in the company's bank account. 4....

Audit procedures may be classified as follows: Recalculation/reperformance Observation Confirmation Inquiry Inspection of documents Inspection of...

Audit procedures may be classified as follows: Recalculation/reperformance Observation Confirmation Inquiry Inspection of documents Inspection of physical assets Required: Describe how each procedure may be used to gather evidence on fixed assets and which broad financial statement assertion(s) (existence, completeness, rights, valuation, and presentation and disclosure) are being addressed by the use of each procedure.

The sources of business financing for assets acquisitions come from either internal or external sources. Internal...

The sources of business financing for assets acquisitions come from either internal or external sources. Internal sources such as retained earnings are the cheapest but Scarce or not enough for large assets investments. External sources (debt and equity) are more expensive and corporations have to decide on how much debt and equity to use over time (known as capital structure). Understanding characteristics of debt and equity is a key challenge to financial managers and of great importance to corporations’ market...

What are the costs and benefits of financing from external and internal sources?

For each of the general audit procedures of (1) recalculation, (2) inspection of internal documents, (3)...

For each of the general audit procedures of (1) recalculation, (2) inspection of internal documents, (3) reperformance, and (4) analytical procedures, discuss one way the procedure could be misapplied or the auditors could be misled in such a way as to render the work (audit evidence) misleading or irrelevant.

What procedures are administered during a physical examination? What is the goal of each procedure? Why...

What procedures are administered during a physical examination? What is the goal of each procedure? Why does the order matter? support your answer with one scholarly article.

Why are internal and external sources of information important to identify business trends?

2. What do you consider the best sources for internal and external marketing information? Cite sources...

2. What do you consider the best sources for internal and external marketing information? Cite sources and discuss the advantages and disadvantages of each.

Both the internal and external sources of finance are very important means of funding for entrepreneurs....

Both the internal and external sources of finance are very important means of funding for entrepreneurs. How?

Businesses may choose to finance their operations with external or internal sources. a. Briefly describe each...

Businesses may choose to finance their operations with external or internal sources. a. Briefly describe each of the main sources and give examples. b. What factors should be taken into account when determining the balance between short-term and long-term debt finance? c. How lenders can gain further protection for their loan?

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