DEVRY ACCT 555 Week 3 Homework Assignment

What assurance does the auditor provide that errors, fraud, and direct-effect illegal
acts that are material to the financial statements will be detected?
6-27 (Objectives 6-6, 6-7) The following are specific transaction-related audit
objectives applied to the audit of cash disbursement transactions (a through f),
management assertions about classes of transactions (1 through 5), and general
transaction-related audit objectives (6 through 11).
Specific Transaction-Related Audit Objective
Recorded cash disbursement transactions are for the amount of goods or services
received and are correctly recorded.
7-25 (Objectives 7-3, 7-4) The following questions concern persuasiveness of
evidence. Choose the best response.
Which of the following types of documentary evidence should the auditor consider to
be the most reliable?
Which of the following statements concerning audit evidence is true?
Audit evidence can come in different forms with different degrees of persuasiveness.
Which of the following is the least persuasive type of evidence?
Which of the following presumptions is correct about the reliability of audit
evidence?
7-26 (Objectives 7-5, 7-6) The following questions concern audit documentation.
Choose the best response.
Which of the following isnota primary purpose of audit documentation?
During an audit engagement, pertinent data are compiled and included in the audit
files. The audit files primarily are considered to be
Although the quantity, type, and content of audit documentation will vary with the
circumstances, audit documentation generally will include the
The permanent file of an auditor’s working papers most likely would include copies
of the
7-27 (Objective 7-4) The following are examples of documentation typically obtained
by auditors:
7-28 (Objective 7-4) The following are examples of audit procedures: