Analytical ProceduresĪnalytical procedures involve comparisons of different sets of financial and operational information, to see if historical relationships are continuing forward into the period under review. ![]() The types of audit evidence gathered usually encompasses the items noted below. Once collected, the audit evidence is assembled into the auditor’s working papers. ![]() The amount of evidence collected must provide a reasonable basis for the auditor’s opinion. The amount and type of audit evidence collected varies by client, depending on the type of industry, the condition of the client’s financial system, and the type of audit. Audit evidence is the documentation collected by an auditor as part of his or her review of the financial accounts, internal controls, and other matters needed to certify a client’s financial statements.
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