Documente Academic
Documente Profesional
Documente Cultură
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Contrast Identify the four Specify the Identify and
audit audit evidence characteristics apply the
evidence decisions that that determine eight types
with are needed to the of evidence
evidence create an audit persuasiveness used in
used by program. of evidence. auditing.
other
professions.
LEARNING OBJECTIVE
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Know the Compute Understand the Prepare
types of common purposes organized
analytical financial ratios. of audit audit
procedures documentation. documentation
and their .
purposes.
Nature of
01 Evidence
The use of
evidence is not
unique to auditors
Evidence is also
used by scientists,
lawyers, and
historians
Audit
02 Evidence
Decisions
What sample size to
Which audit select for a given
procedures to procedure
use
01 02 03 04
Analytical
Physical Examination Confirmation Inspection Procedures
05
Inquiries of the 06 07 08
Client Recalculation Reperformance Observation
05 Appropriateness of
Types of Evidence
Cost of Types of Evidence
The two most expensive types of evidence are
physical examination and confirmation.
Analysis
Trial balance or list
Reconciliation of amounts
Substantive analytical procedures
Types of Supporting Schedule
Summary of procedures
Examination of supporting
documents
Informational
Outside documentation
Preparation of Audit Documentation