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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 °±²±³´µ´²¶ ·¸¸´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
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