Topic 5 student notes

Topic 5 student notes - ACCT3101 Topic 5 Tutorial Notes...

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ACCT3101 Topic 5 Tutorial Notes – ARENS CH 6 Audit Evidence 6-23 Note there are 8 types of audit evidence mentioned in ASA500 ASA 500 Audit Evidence (500.31 – 500.43) Textbook Page 184 – 188 1. (5) inquiry of client 2. (4) observation 3. (1) physical examination 4. (2) confirmation 5. (6) reperformance/RECALCULATE 6. (2) confirmation 7. (3) documentation 8. (7) analytical procedures 9. (5) inquiry of client 10. (6) reperformance 11. (4) observation 12. (1) physical examination 13. (7) analytical procedures 14. (3) documentation 15. (5) inquiry of client 16. (7) analytical procedures 17. (3) documentation 18. (6) reperformance 19. (1) physical examination 20. (2) confirmation Topic 5 student notes
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6-25 Note there are 8 types of audit evidence mentioned in ASA500 ASA 505 External Confirmations Textbook Page 181,182,185 Framework o The general principle is that auditors must collect sufficient appropriate audit evidence to draw reasonable conclusions ASA500.5 o Appropriate relates to the quality of evidence – competence / reliability
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This note was uploaded on 08/24/2010 for the course ACCT 3101 taught by Professor Drmarcsim during the Two '09 term at Queensland.

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Topic 5 student notes - ACCT3101 Topic 5 Tutorial Notes...

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