Inquiry
Inquiry seeks information from knowledgeable persons within or outside the entity. Responses help identify matters requiring further work and should be evaluated with other evidence.
Worked example
The auditor asks management why margins changed and then examines sales and purchase data.
Common mistake
Inquiry alone normally does not provide enough evidence for a material assertion or establish operating effectiveness of a control.
Where it appears in your exams
| Qualification | Exam | Relationship | Period |
|---|---|---|---|
| ACCA | AA | Direct | September 2026–June 2027 |