Management Assertions and Audit Evidence
Assignment
7-26 - Classify each of the following audit
procedures according to the:
accounting/audit cycle (e.g., sales and collection);
audit evidence: (1) physical examination (inspection of
tangible assets), (2) confirmation, (3) inspection (examination) of
records/documents (tracing or vouching), (4) analytical
procedures, (5) inquiries ofthe client, (6) recalculation(of
calculations), (7) reperformance(of a procedures),
and (8) observation.
Type of audit test (e.g., test of control, substantive test of
transaction, substantive test of details of balance or analytical...