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NEW QUESTION: 1
A. WAP300 Series
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Answer: A
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What are two possible record types that you can associate to the template? Each correct answer presents a complete solution.
A. contacts
B. account
C. products
D. service level agreement (SLA)
Answer: C,D
NEW QUESTION: 3
Which of the following statements concerning audit evidence is correct?
A. To be appropriate, audit evidence should be either reliable or relevant, but need not be both.
B. The difficulty and expense of obtaining audit evidence concerning an account balance is always a valid
basis for omitting the test.
C. A client's accounting data can be sufficient audit evidence to support the financial statements.
D. The measure of the sufficiency of audit evidence lies in the auditor's judgment.
Answer: D
Explanation:
Explanation/Reference:
Explanation:
Choice "B" is correct. The measure of the sufficiency of audit evidence lies in the auditor's judgment.
Choice "A" is incorrect. To be appropriate, audit evidence should be both reliable and relevant.
Choice "C" is incorrect. The difficulty and expense of obtaining audit evidence concerning an account
balance is not a valid basis for omitting the test when there is no acceptable alternative procedure.
Choice "D" is incorrect. By itself, a client's accounting data cannot be sufficient audit evidence to support
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management's assertions.
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