- 15 Marks
AA – Nov 2018 – L2 – Q6 – Audit Evidence
Explains the factors auditors consider for sufficient evidence, reliability principles, and steps to take when audit evidence is insufficient.
Question
The auditor is required by ISA 500 to design and perform appropriate audit procedures for obtaining sufficient and appropriate audit evidence.
Required:
a. Identify five factors that an auditor will consider in determining what constitutes sufficient audit evidence.
(5 Marks)
b. Explain five principles that would assist the auditor in assessing the reliability of audit evidence.
(5 Marks)
c. What steps must the auditor take if he discovers that the evidence obtained is insufficient to form an opinion?
(5 Marks)
Find Related Questions by Tags, levels, etc.
- Tags: Audit evidence, Audit Testing, ISA 500, Reliability, Sufficient Evidence
- Level: Level 2
- Topic: Audit evidence
- Series: NOV 2018
Report an error