Please fill in the blanks of the 5 questions Required inform.pdf
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The document outlines the importance of various types of audit evidence used by auditors to minimize audit risk. It lists seven major types of audit evidence, including accounting information systems and documentary evidence, and emphasizes that such evidence supports the fairness of financial statements. Additionally, it includes instructions for completing related activities on the topic.
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![Please fill in the blanks of the 5 questions
Required information
Ch05 Types of Audit Evidence [LO5-3, LO5-4]
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Types of Audit Evidence
Read the overview below and complete the activities that follow.
Auditors must gather a combination of many types of audit evidence to best reduce their audit risk.
There are seven major types of audit evidence: 1) accounting information system, 2) documentary
evidence, 3) third-party representation, 4) physical evidence, 5) computations, 6) data
interrelationships, and 7) client representations.
CONCEPT REVIEW:
Audit evidence is any information that corroborates or refutes the auditors' premise that the
financial statements present fairly the client's financial position and operating results.
Part 2 - Concept Check](https://image.slidesharecdn.com/pleasefillintheblanksofthe5questionsrequiredinform-230322123544-852656b4/85/Please-fill-in-the-blanks-of-the-5-questions-Required-inform-pdf-1-320.jpg)
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Please fill in the blanks of the 5 questions Required inform.pdf
- 1. Please fill in the blanks of the 5 questions Required information Ch05 Types of Audit Evidence [LO5-3, LO5-4] Skip to question Types of Audit Evidence Read the overview below and complete the activities that follow. Auditors must gather a combination of many types of audit evidence to best reduce their audit risk. There are seven major types of audit evidence: 1) accounting information system, 2) documentary evidence, 3) third-party representation, 4) physical evidence, 5) computations, 6) data interrelationships, and 7) client representations. CONCEPT REVIEW: Audit evidence is any information that corroborates or refutes the auditors' premise that the financial statements present fairly the client's financial position and operating results. Part 2 - Concept Check