Which of the following is NOT audit evidence?
A) cancelled cheques
B) written confirmations from accounts receivable
C) collecting a sample of 200 sales invoices
D) comparison of prices of an invoice to an approved price list

Question

Quizplus · Accepted Answer

Collecting a sample of 200 sales invoices is a procedure to gather audit evidence, but it is not audit evidence itself. The other choices are all examples of audit evidence - cancelled cheques can demonstrate payment; written confirmations from accounts receivable demonstrate existence and completeness of accounts receivable; and comparison of prices to an approved price list can demonstrate accuracy and completeness of transactions.

Which of the Following Is NOT Audit Evidence