Under ISA 500 “Audit Evidence” auditors must design and perform audit procedures to obtain sufficient appropriate audit evidence to enable the auditor to form an audit opinion.
Explain your understanding of ‘sufficient appropriate evidence’.
Audit evidence can be obtained from a variety of different sources. Identify the main sources of audit evidence and their degree of reliability, giving a suitable and relevant example of each.
Identify and describe using suitable and relevant examples TWO procedures that the auditor would use to obtain audit evidence.
