MENU
[Fundamental Audit Concepts and Principles]
What type of evidence is an external audit report?
Suggested Answer: B
Get Premium ISO-IEC-42001-Lead-Auditor Questions
as Interactive Web-Based Practice Test or PDF
Real Exam Format
Detailed Explanations
Instant Access
Get Your Practice Test
39 comments · newest first
DO
Doug
10 months ago
I thought it was technical at first, but confirmative sounds right!
LA
Lai
10 months ago
I agree, confirmative is the right choice.
ER
Ernestine
10 months ago
Wait, are we sure it's not analytical?
PA
Paris
10 months ago
Physical evidence doesn't even make sense here.
SH
Shay
11 months ago
It's definitely confirmative evidence!
OM
Omega
11 months ago
I vaguely recall that external audit reports provide assurance, which sounds like confirmative evidence to me.
HE
Heike
11 months ago
I feel like external audit reports are definitely not physical evidence, but I'm torn between confirmative and technical.
AV
Avery
11 months ago
I remember practicing a question like this, and I think I chose analytical evidence back then, but now I'm not so sure.
OW
Owen
12 months ago
I think an external audit report is more about confirming the accuracy of financial statements, so maybe it's confirmative evidence?
JA
Jacquelyne
12 months ago
I've got this! An external audit report is a form of confirmative evidence. It's an independent, third-party assessment that confirms the accuracy and reliability of the client's financial statements. Nailed it!
RA
Rachael
12 months ago
I'm a bit unsure on this one. Is an external audit report considered technical evidence? It does involve specialized audit procedures and expertise. Or maybe it's a different type of evidence altogether that I'm not remembering. I'll have to think this through.
AL
Allene
1 year ago
Okay, let's see. An external audit report is not a physical piece of evidence, so that's out. It's also not really analytical evidence. I'm leaning towards it being confirmative evidence, since the audit report confirms the financial information.
AL
Alonzo
1 year ago
Hmm, this seems like a straightforward question about audit evidence. I'll need to think carefully about the different types of evidence and which one best describes an external audit report.
NA
Narcisa
1 year ago
This is a no-brainer. It's clearly confirmative evidence. Unless the auditor was using a crystal ball, in which case it would be considered 'mystical evidence.'
VA
Valentin
1 year ago
I believe external audit reports are a mix of confirmative and analytical evidence.
AI
Ailene
1 year ago
External audit report? That's gotta be physical evidence, like the actual document, right? Or maybe it's a trick question and the answer is none of the above.
DU
Dulce
1 year ago
Got it, thanks for clarifying.
JU
Julieta
1 year ago
Right, it's more about confirming the information provided.
EV
Eva
1 year ago
Oh, I see. So it's not physical evidence then.
AN
Annamae
1 year ago
External audit report is confirmative evidence.
JU
Judy
1 year ago
D) Technical
RO
Rodrigo
1 year ago
C) Analytical
LA
Lauran
1 year ago
B) Confirmative
JA
Jade
1 year ago
A) Physical
AN
Angella
1 year ago
I think external audit reports can also provide analytical evidence.
LA
Lawana
1 year ago
I'm going with B) Confirmative. An external audit report is an independent verification of the company's financial statements. It's the gold standard of audit evidence.
RE
Refugia
1 year ago
Confirmative evidence is crucial in ensuring the reliability of financial information provided by a company.
EM
Emelda
1 year ago
Yes, external audit reports are confirmative evidence that the financial statements are free from material misstatements.
DE
Devorah
1 year ago
I agree, B) Confirmative is the correct answer. It provides assurance to stakeholders about the accuracy of the financial statements.
BO
Bok
1 year ago
I agree with Kristofer, external audit reports provide confirmative evidence.
AR
Aretha
1 year ago
Technical evidence? I don't think so, that sounds more like IT-related stuff. An external audit report is definitely a type of analytical evidence, right?
JA
Jame
1 year ago
Analytical evidence is the right choice for an external audit report.
MA
Maile
1 year ago
I agree, it's definitely not technical evidence. Analytical evidence makes more sense.
LY
Lynelle
1 year ago
Yes, you're correct. An external audit report is considered analytical evidence.
KR
Kristofer
1 year ago
An external audit report is confirmative evidence.
KR
Kristian
1 year ago
Hmm, I'm pretty sure an external audit report is a form of confirmative evidence. It's like getting a stamp of approval from an objective third party.
AL
Allene
1 year ago
Confirmative evidence adds credibility to the financial statements.
JU
Juliann
1 year ago
It's important to have that third-party validation.
TY
Ty
1 year ago
I agree, an external audit report is confirmative evidence.