chap 13 summary of key evidence related terms

Question 1

what are the 4 phases of the audit process

Answer 1

1. plan and design an audit approach 2. perform tests of controls and substantive tests of transactions 3. perform substantive analytical procedures and tests of details of balances 4. complete the audit and issue an audit report

Question 2

what audit objectives are primarily addressed in phases 2-4 of the audit process

Answer 2

2- transaction related 3. balance related 4. presentation and disclosure related

Question 3

the 4 evidence decisions of procedures, sample size, items to select , and timing apply to each type of test except what 2?

Answer 3

1. substantive analytical procedures 2. risk assessment procedures