PPT: Audit Evidence | Auditing and Ethics for CA Intermediate PDF Download

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MEANING
?The information obtained by the auditor
in arriving at the conclusions on which
the audit opinion is based.
?It comprise source documents and
accounting records underlying the
financial statements and corroborating
information from other sources.
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MEANING
?The information obtained by the auditor
in arriving at the conclusions on which
the audit opinion is based.
?It comprise source documents and
accounting records underlying the
financial statements and corroborating
information from other sources.
OBJECTIVE
?The auditor should obtain Sufficient
and Appropriate Audit Evidence to
be able to draw reasonable
conclusions on which to base the
audit opinion.
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MEANING
?The information obtained by the auditor
in arriving at the conclusions on which
the audit opinion is based.
?It comprise source documents and
accounting records underlying the
financial statements and corroborating
information from other sources.
OBJECTIVE
?The auditor should obtain Sufficient
and Appropriate Audit Evidence to
be able to draw reasonable
conclusions on which to base the
audit opinion.
Sufficient and Appropriate Audit 
Evidence
?Sufficiency is the measure of quantity
of audit evidence.
?Appropriateness is the measure the
quality of audit evidence and its
relevance to a particular assertion and
reliability.
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MEANING
?The information obtained by the auditor
in arriving at the conclusions on which
the audit opinion is based.
?It comprise source documents and
accounting records underlying the
financial statements and corroborating
information from other sources.
OBJECTIVE
?The auditor should obtain Sufficient
and Appropriate Audit Evidence to
be able to draw reasonable
conclusions on which to base the
audit opinion.
Sufficient and Appropriate Audit 
Evidence
?Sufficiency is the measure of quantity
of audit evidence.
?Appropriateness is the measure the
quality of audit evidence and its
relevance to a particular assertion and
reliability.
Sufficient and Appropriate Audit 
Evidence
? Factors which are influenced to the judgment of auditor
regarding sufficient appropriate audit evidence:
? Nature and level of Inherent Risk
? Nature of the Accounting and Internal Control System and
Control Risk
? Materiality of the item being examined
? Experience gained during previous audit
? Results of audit procedures
? Source and reliability of information available