- Audit evidence
Audit evidence is
evidenceobtained during a financial auditand recorded in the audit working papers. [cite web |title=Audit evidence |publisher=abrema.net |date=undated |url=http://www.abrema.net/abrema/au_ev_g.html |accessdate=2007-08-07]
* In the audit engagement acceptance or reappointment stage, audit evidence is the information that the auditor is to consider for the appointment. For examples, change in the entity
control environment, inherent risk and nature of the entity business, and scope of audit work.
* In the audit planning stage, audit evidence is the information that the auditor is to consider for the most effective and efficient audit approach. For examples, reliability of
internal controlprocedures, and analytical review systems.
* In the control testing stage, audit evidence is the information that the auditor is to consider for the mix of
audit test of controland audit substantive tests.
* In the substantive testing stage, audit evidence is the information that the auditor is to make sure the appropriation of financial statement assertions. For examples,
existence, rightsand obligations, occurrence, completeness, valuation, measurement, presentationand disclosureof a particular transaction or account balance.
* In the conclusion and opinion formulation stage, audit evidence is information that the auditor is to consider whether the financial statements as a whole presents with completeness, validity, accuracy and consistency with the auditor's understanding of the entity.
International Standards on Auditing
ISA 500 Audit Evidence
HKSA 500 Audit Evidence
Financial statement assertions
* [http://www.apb.org.uk/images/uploaded/documents/ISA%20_UK%20and%20Ireland_%20500.pdf ISA (UK and Ireland) 500 - Audit Evidence, concept]
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