Sufficiency of audit evidence
Sufficiency is the measure of the quantity of audit evidence. The amount needed depends on the assessed risks of material misstatement and the quality of evidence obtained. Higher risk may call for more persuasive evidence; the auditor must consider quality as well as quantity when evaluating whether enough evidence has been obtained.
Worked example
An auditor expands work on a high-risk inventory estimate after initial testing identifies unexplained differences.
Common mistake
Sufficiency concerns quantity; appropriateness concerns quality, relevance and reliability.
Where it appears in your exams
| Qualification | Exam | Relationship | Period |
|---|---|---|---|
| ACCA | AA | Direct | September 2026–June 2027 |
| ACCA | AAA (INT) | Direct | September 2026–June 2027 |