Question:
1. If the auditor finds only one instance of unintentional error during the audit, can
the auditor assume that this is an isolated instance? Why or why not?
2. what should be documented as part of the auditor's working papers?
3. Identify the three basic categories of communication of audit findings. Provide
two example the communications in each categories
4. a. Define audit evidence
b. Would information obtained while performing risk assessment procedures or
information obtained during prior audit serve as audit evidence? Explain.
5. a. What is meant by the term accounting records?
b. in the context of sales and collections, provide some examples of what are
considered to be accounting records
c. Are accounting records alone usually considered to be enough to represent
sufficient evidence for an opinion on the financial statements?
6. a. What is meant the term other information?
b. in the context of sales and collections, provide some examples of other
information used to support an opinion on the financial statements.