Which of the following circumstances most likely would cause an auditor to consider whether material misstatements exist in an entity's financial statements?
Supporting records that should be readily available are frequently not produced when requested.
Reportable conditions previously communicated have not been corrected.
Clerical errors are listed on a monthly computer-generated exception report.
Differences are discovered during the client's annual physical inventory count.
An auditor is testing internal control procedures that are evidenced on an entity's vouchers by matching random numbers with voucher numbers. If a random number matches the number of a voided voucher, that voucher ordinarily should be replaced by another voucher in the random sample if the voucher:
Constitutes an exception.
Has been properly voided.
Cannot be located
Represents an immaterial dollar amount.
In evaluating the reasonableness of an accounting estimate, an auditor most likely would concentrate on key factors and assumptions that are:
Consistent with prior periods.
Similar to industry guidelines.
Objective and not susceptible to bias.
Deviations from historical patterns.
An auditor may achieve audit objectives related to particular assertions by:
Performing analytical procedures
Adhering to a system of quality control
Preparing auditor working papers.
Increasing the level of detection risk.
Which of the following computer-assisted auditing techniques allows fictitious and real transactions to be processed together without client-operating personnel being aware of the testing process?
Integrated test facility.
Input controls matrix.
Parallel simulation.
Data entry monitor.
