Audit evidence concerning segregation of duties ordinarily is best obtained bySelect one:a.Performing tests of transactions that corroborate management's financial statement assertionsb.Observing the employees as they apply specific controls.c.Developing audit objectives that reduce control risk.d.Obtaining a flowchart of activities performed by available personnel.

audit procedures

Working papers that record the procedures used by the auditor to gather evidence should beSelect one:a.Viewed as the connecting link between the books of accounts and the financial statements.b.Designed to meet the circumstances of the particular engagement.c.Destroyed when the audited entity ceases to be a client.d.Considered the primary support for the financial statements being audited.

What are three purposes of auditing?Multiple select question.preparing the trial balancelooking into operational effectiveness and efficiencyreviewing recordsexamining the financial health of an organization

Analytical procedures used in planning an audit should focus onSelect one:a.Providing assurance that potential material misstatements will be identified.b.Assessing the adequacy of the available evidential matter.c.Enhancing the auditor's understanding of the client's business.d.Reducing the scope of tests of controls and substantive tests.

Understanding the business and using this information appropriately assists the auditor in, exceptSelect one:a.Planning and performing the audit effectively and efficiently.b.Evaluating audit evidence.c.Assessing risks and identifying potential problemsd.Deciding whether to do tests of controls