L3pp_Audit%20evidence - AUDIT EVIDENCE AUDIT EVIDENCE...

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1 1 AUDIT EVIDENCE 2 AUDIT EVIDENCE Information obtained by the auditors in arriving at conclusions/opinions. Comprises source documents, accounting records and external source information. Via test of controls and substantive tests. 3 4 ·¸¸´¹ ¶º»²¸ THE RELATIONSHIP OF EVIDENTIAL MATTER TO THE AUDIT REPORT Financial Statements ·¼½º ¾¿À´Á¶ºÂ´¸ ·¼½º ù»Á´½¼¹´¸ ·¼½º Ä´Å»¹ ƺ½´²Á´
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2 5 MANAGEMENT ASSERTIONS Existence or occurrence Completeness Rights and obligations Valuation and allocation Presentation and disclosure 6 AUDIT OBJECTIVES FOR TESTING AND ACCOUNT BALANCE Validity Completeness Cutoff Ownership Accuracy Valuation Classification Disclosure 7 BASIC CONCEPTS OF EVIDENTIAL MATTER The nature of evidential matter The competence of evidential matter The sufficiency of evidential matter The evaluation of evidential matter 8 THE NATURE OF EVIDENTIAL MATTER Accounting data used to test audit objectives
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This note was uploaded on 03/21/2011 for the course ACCOUNTING 110 taught by Professor Mcwilliams during the Spring '09 term at San Jose State.

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L3pp_Audit%20evidence - AUDIT EVIDENCE AUDIT EVIDENCE...

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