Auditing

there are no material misstatements due to fraud or error in financial statement

accounting system is well documented

Written evidence is there to support transactions

if internal control is effective

Statutory and private audit

Government and continuous audit

Continuous, final, Interim, Cash, Cost and Management audit

None of these

cost accounting system

internal control system

legal compliance

accounting system

Commission earned

Bad debts recorded

Credit sales

Sales of scrap

Does not support the auditor’s planned assessed level of control risk when the true operating effectiveness of the control structure justifies such an assessment

Supports the auditor’s planned assessed level of control risk when the actual position does not warrant such reliance

Is not supported by adequate documents

Both A and C

When it constitutes entire population

When it is enough to provide a basis for giving reasonable assurance regarding truthfulness

When it is objective and relevant

When auditor collects and evaluates it independently