Assignment 6-3 Audit Evidence and Reliability

Assignment 6-3 Audit Evidence and Reliability -...

Info iconThis preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon
ACCT470-V2WW February 12, 2012 Assignment 6-3 Audit Evidence and Reliability Chapter 5 Review Questions 5-5. Define audit evidence. Provide an example of evidence from accounting records and other information. Audit evidence is the information used by the auditor in arriving at conclusions on which the audit opinion is based, and includes the information contained in the accounting records underlying the financial statements and other information. Evidence from accounting records may come from the records of initial entries and supporting records, such as checks and records of electronic funds transfers; invoices; contracts; the general and subsidiary ledgers, journal entries, and other adjustments to the financial statements that are not reflected in formal journal entries; and records such as work sheets and spreadsheets supporting cost allocations, computations, reconciliations, and disclosures. Evidence from other information may come from minutes of meetings; confirmations from third
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
Image of page 2
This is the end of the preview. Sign up to access the rest of the document.

{[ snackBarMessage ]}

Page1 / 2

Assignment 6-3 Audit Evidence and Reliability -...

This preview shows document pages 1 - 2. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online