Cha pter 7: Audit Evidence Objectives After studying this chapter, you should be able to 1. Contrast audit evidence with evidence used by other professions 2. Identify the four audit ev idence decisions that are needed to create an audit program 3. Specify the characteristics that determine the persuasiveness of evidence 4. Identify and apply the seven types of evidence used in auditing. 5. State the purposes of analytical procedures and the timing of each purpose 6. Select the most appropriate analytical procedure from among the five major type 7. Explain the benefits of using statistical techniques and computer software for analytical procedures Chapter 8: Audit Planning and Documentation Obj After studying this chapter, you should be able to Discuss why adequate audit planning is essential 2. Preplan the audit 3. Obtain appropriate background information about an audit client 4. Obtain information about an audit client's legal obligations 5. Discuss the nature and purposes of preliminary analytical procedures 6. Understand the purposes of audit working papers 7. Prepare organized audit working papers Chapter 9: Materiality and risk Objectives After studying this chapter, you should be able to 1. Apply the concept of materiality to the audit 2. Make a preliminary judgment about what amounts to consider material 3. Allocate preliminary materiality to segments of the audit during planning 4. Use materiality to evaluate audit findings 5. Define risk in auditing 6. Describe the audit risk model and its components 7. Consider the impact of business risk on acceptable audit risk 8. Consider the impact of several factors on the assessment of inherent risk 9. Discuss risk for segments and measurement difficultiesChapter 7: Audit Evidence Objectives After studying this chapter, you should be able to: 1. Contrast audit evidence with evidence used by other professions. 2. Identify the four audit evidence decisions that are needed to create an audit program. 3. Specify the characteristics that determine the persuasiveness of evidence. 4. Identify and apply the seven types of evidence used in auditing. 5. State the purposes of analytical procedures and the timing of each purpose. 6. Select the most appropriate analytical procedure from among the five major types. 7. Explain the benefits of using statistical techniques and computer software for analytical procedures. Chapter 8: Audit Planning and Documentation Objectives After studying this chapter, you should be able to: 1. Discuss why adequate audit planning is essential. 2. Preplan the audit. 3. Obtain appropriate background information about an audit client. 4. Obtain information about an audit client's legal obligations. 5. Discuss the nature and purposes of preliminary analytical procedures. 6. Understand the purposes of audit working papers. 7. Prepare organized audit working papers. Chapter 9: Materiality and Risk Objectives After studying this chapter, you should be able to: 1. Apply the concept of materiality to the audit. 2. Make a preliminary judgment about what amounts to consider material. 3. Allocate preliminary materiality to segments of the audit during planning. 4. Use materiality to evaluate audit findings. 5. Define risk in auditing. 6. Describe the audit risk model and its components. 7. Consider the impact of business risk on acceptable audit risk. 8. Consider the impact of several factors on the assessment of inherent risk. 9. Discuss risk for segments and measurement difficulties