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Audit Evidence

This topic has 2 replies, 2 voices, and was last updated 10 years ago by kolaakande.

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August 25, 2015 at 4:03 pm #268489
kolaakande
Member
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Please which form of audit evidence is more reliable :
Auditor generated evidence OR
External evidence like 3rd party confirmations?
August 25, 2015 at 10:58 pm #268527
Ken Garrett
Keymaster
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The auditor generates all evidence by analytical procedures, enquiry, confirmation, observation, inspection, reperformance and recalculation.
So you have not presented alternatives: 3rd party confirmations mean that auditor has, for example, organised a receivables cirrulation or has, for example, reconciled supplier statements to the payables accounts.
August 25, 2015 at 11:39 pm #268533
kolaakande
Member
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- Replies: 1
My question is: How can I arrange the following audit evidences with the most reliable first:
A. Oral evidence by client
B. Cash count performed by the auditor
C. Written evidence by management
D. Supplier statements
Thank you
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