Two determinants of the persuasiveness of evidence include which of the following? a. Competence and Sufficiency. b. Relevance and Reliability. c. Appropriate and Sufficiency. d. Independence and Effectiveness c. Appropriate and Sufficiency. Appropriateness of evidence refers to relevance and reliability. persuasiveness of procedures performed. b.
Nov 24, 2009 · • The two determinants of the persuasiveness of evidence are: APPROPRIATENESS and SUFFICIENCY. Which are taken directly from the third standard of fieldwork. APPROPRIATNESS • Appropriateness of evidence – is a measure of the quality of evidence, meaning its relevance and reliability in meeting audit objectives for classes of …
Oct 11, 2015 · The two determinants of the persuasiveness of evidence are relevance and reliability. Which of the following is false regarding communication between the auditor and the audit committee or those charged with governance? A client representation letter is a written statement from a nonindependent source but is still regarded as reliable evidence. Auditing …
Oct 26, 2016 · Two determinants of the persuasiveness of evidence. Two determinants of the persuasiveness of evidence are: A) competence and sufficiency. B) relevance and reliability. C) appropriateness and sufficiency. D) independence and effectiveness.
Two determinants of persuasiveness of evidence are: Competence – the degree to which evidence can be considered trustworthy. Sufficiency – amount of evidence is enough to form a reasonable opinion.
Definition. Persuasive evidence is evidence that has the power to influence or persuade someone to believe in its truth.
Relevance and Reliability Relevance. The relevance of audit evidence refers to its relationship to the assertion or to the objective of the control being tested.
Which of the following is the most objective type of evidence? the physical count of securities and cash. Evidence is generally considered appropriate when: it has the qualities of being relevant, objective, and free from known bias.
Definitions of persuasiveness. the power to induce the taking of a course of action or the embracing of a point of view by means of argument or entreaty. synonyms: strength.
What Are the Types of Audit Evidence?Physical examination. ... Confirmations. ... Documentary evidence. ... Analytical procedures. ... Oral evidence. ... Accounting system. ... Reperformance. ... Observatory evidence.Oct 14, 2021
There are two categories of substantive procedures - analytical procedures and tests of detail. Analytical procedures generally provide less reliable evidence than the tests of detail.
Sufficient evidence means evidence sufficient to support a reasonable belief, taking into consideration all relevant factors and circumstances, that it is more likely than not that the Respondent has engaged in a Sanctionable Practice.
Objective evidence is more reliable, and hence more persuasive, than subjective evidence. The two most important factors when determining the appropriate sample size in an audit are the auditor's expectation of misstatements and the objectivity of the evidence.
An internal audit should have four general phases of activities—Planning, Fieldwork, Reporting, and Follow-up. The following provides a brief synopsis of each phase.Nov 28, 2018
The client's original signed purchase orders and invoices are a more persuasive type of evidence than evidence directly observed by the auditor.
(1) Information obtained indirectly from outside sources is the most reliable audit evidence.
There are two primary reasons why the auditor can only be persuaded with a reasonable level of assurance, rather than be convinced that the financial statements are correct: 1. The cost of accumulating evidence. It would be extremely costly for the auditor to gather enough evidence to be completely convinced. 2.
While inquiry is a form of evidence used by auditors, other more reliable types of evidence such as confirmation with third parties, physical examination, and inspection are also used extensively. A legal case also differs from an audit because of the nature of the conclusions made. In a legal case, a judge or jury decides the guilt or innocence ...
In both a legal case and in an audit of financial statements, evidence is used by an unbiased person to draw conclusions. In addition, the consequences of an incorrect decision in both situations can be equally undesirable. For example, if a guilty person is set free, society may be in danger if the person repeats his or her illegal act.
Appropriateness refers to the relevance and reliability of evidence, or the degree to which evidence can be considered believable or worthy of trust. Appropriateness relates to the audit procedures selected, including the timing of when those procedures are performed.
Audit documentation is used for several purposes, both during the audit and after the audit is completed. One of the uses is the review by more experienced personnel. A second is for planning the subsequent year audit.
An audit procedure is the detailed instruction for the collection of a type of audit evidence that is to be obtained. Because audit procedures are the instructions to be followed in accumulating evidence, they must be worded carefully to make sure the instructions are clear.