BACK THE AUDIT UP - AUDIT EVIDENCE

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Audit evidence is the evidence obtain during financial audit. Audit evidence is used by the auditor to ascertain if the information being audited is in accordance with the set criteria. The amount of auditing evidence differs significantly on the basis of the type of firm being audited.

Definitions : all of the information used by the auditor in arriving at the conclusion on which the auditors opinion is based.
Being obtained from the audit procedures performed during the audit field work, and also include evidence obtain from other sources as from previous audit.

Financial statement assertions are claims made by an organization's management regarding its financial statements. The assertions form a theoretical basis from which external auditors develop a set of audit procedures. These assertions are as follows: Accuracy.

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