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AUE1501 Assignment 3 2023 Semester 2 (ANSWERS) R50,00   Add to cart
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AUE1501 Assignment 3 2023 Semester 2 (ANSWERS)

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AUE1501 Assignment 3 2023 Semester 2 (ANSWERS) Question 1 Not yet answered Marked out of 1.00 Flag question Question text Indicate whether the following statement is True or False. The relevance in audit evidence refers to the source and nature of the audit evidence. True False Question...

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  • September 8, 2023
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  • 2023/2024
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  • aue1501 assignment 3 2023 semester 2 answers

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,Question 1
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Question text
Indicate whether the following statement is True or False.
The relevance in audit evidence refers to the source and nature of the audit evidence.




True
False

Question 2
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Question text
The auditor performs certain steps during the risk assessment process. Identify the correct statement pertaining to
the overall risk assessment process.




a.
Collecting audit evidence occurs before the areas of material misstatements are identified.




b.
The very first step in the risk assessment process is to identify the areas of material misstatements.




c.
Materiality has to be determined first before the audit procedures can be planned and the sample sizes determined.




d.
During the evaluation of audit evidence, the auditor identifies problems. The next step to be followed by the auditor is
to conclude.



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