The audit evidence gathering technique of recalculation refers to
A)sending bank confirmation to validate bank balances.
B)rechecking prices as per price list.
C)counting inventory.
D)checking the calculation of amortization expense.

Question

Quizplus · Accepted Answer

Recalculation refers to checking the calculation of the balances and figures. The correct calculation of amortization expense falls under this category. Option A refers to confirmation, option B refers to inspection, while option C refers to physical examination or observation.

The Audit Evidence Gathering Technique of Recalculation Refers to