Physical examination of records, documents or tangible assets by the auditor is the procedure of:
Aconfirmation
Binspection
Cinquiry
Dobservation
Answer & Solution
Correct answer: B. inspection
Inspection is examining records, documents or tangible assets.
Related questions
Substantive analytical procedures are generally more suited to large volumes of transactioAn original document is generally regarded as ___ reliable than a photocopy of it:Audit evidence is generally more persuasive when items of evidence from different sources The relevance of audit evidence refers to its logical connection with the:Written representations by management are audit evidence but, by themselves, do NOT providSpecific considerations for selected items such as inventory and litigation are dealt withWritten representations obtained from management are dealt with by Standard on Auditing (SAudit sampling — the application of procedures to less than 100% of items — is dealt with