Definition of audit evidence, Auditing

Definition of Audit Evidence

"Audit evidence" which is all the information used through the auditor in arriving on the conclusions on such the audit opinion is support, and involves the information gathered in the accounting records underlying the financial statements and other information or knowledge. Auditors are not expected to address all information that may prove. Audit evidence, which is cumulative in behavior, involves audit evidence obtained from audit procedures performed while the course of the audit and may involve audit evidence contained from other sources that like previous audits and a firm's quality control procedures for client continuance and acceptance.

Posted Date: 1/24/2013 7:19:29 AM | Location : United States







Related Discussions:- Definition of audit evidence, Assignment Help, Ask Question on Definition of audit evidence, Get Answer, Expert's Help, Definition of audit evidence Discussions

Write discussion on Definition of audit evidence
Your posts are moderated
Related Questions
Accounting Requirements - IAS 40 Investment Properties IAS 40 prescribes the accounting treatment about investment property and related disclosure necessities.  Investment

Importance of Related Party Transactions Whenever the existence of about transactions and parties among such parties are considered ordinary features of business, the auditor

State four factors considered determining sufficiency of audit evidence

Procedures that Auditor Adopts The auditor’s procedures will include: (1) Getting an understanding of the entity as a whole in order to see the accounting system in proper per

The Business Risk Approach to Auditing In recent years the broader concept of business risk has been developed by the larger firms. It was the subject matter of the ICAEW audit

Sundry Debtors and Loans Sundry debtors and loans are not generally material assets of companies another than those companies whose business is to create loans.  We shall cons

Describe the management system within your case study business. Assess the risk of fraud in this business, and suggest methods for detection Management system in this ca


Simple Plans - An employer can adopt a simplified retirement plan known as a SIMPLE Plan (Savings incentive match plan for employees) if it has fewer than 100 employees that receiv

? Decide what areas of the company will be audited and the frequency of the audits. Prepare a yearly audit schedule and distribute. ? Make an audit plan. Decide what other audit r