Question

When comparing a forensic audit with a financial audit, which item would indicate a financial audit?

-More time-consuming.
-Worrying about rules of evidence.
-A sampling process.
-Extensive use of interviewing.
-All of the above.

Answer 1

The item that indicates a financial audit when comparing it to a forensic audit is 'A sampling process.' Financial audits are less detailed and focus on evaluating the fairness and accuracy of financial statements.

Step-by-step explanation:

When comparing a forensic audit with a financial audit, the item that typically indicates a financial audit is A sampling process. Forensic audits are more detailed and extensive, usually investigating potential fraud or legal implications and often requiring a concern for the rules of evidence and extensive use of interviewing. In contrast, a financial audit primarily focuses on evaluating the fairness and accuracy of a company's financial statements. It is less time-consuming than a forensic audit and uses a sampling process to test the veracity of the financial information presented.