Audit Evidence: Class Questions - Review 1: In this video, 4.06 – Audit Evidence – Review 1, test your knowledge of Audit Evidence with some CPA Exam-style questions lead by Roger Philipp, CPA, CGMA! The first question asks which type of audit evidence is the most persuasive – pre-numbered client purchase order forms, client worksheets supporting cost allocations, bank statements obtained from the client, or the client representation letter. Roger shows how to interpret each of these answer choices and assign them to numbers categories such that the answer becomes obvious. Next is a question about the nature of reliable and valid audit evidence – remember that reliability refers to the quality of corroborative audit evidence obtained, not the quantity. And the third question concerns the nature of appropriate audit evidence. Again Roger breaks down each answer choice expertly, explaining why the wrong answer choices are wrong and the right one is right, while also alerting us to the tricky word ‘always.’
Via http://www.youtube.com/watch?v=LAxQE-ynX50 | Amazon
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