Week 8 - Audit Evidence Flashcards
(4 cards)
1
Q
What does audit evidence need to be?
A
Sufficient and appropriate
- sufficient - enough
- appropriate - relevant/quality
2
Q
What should the auditor do for the purpose of obtaining sufficient appropriate audit evidence?
A
The auditor shall design and perform audit procedures that are appropriate in the circumstances
3
Q
What is the point of getting evidence?
A
To draw reasonable conclusions in order to form an opinion
4
Q
What is our opinion about?
A
Whether the accounts are compliant with legislation and give a true and fair representation
