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can you please tell me, what does audit evidence consist of? are the accounting records sufficient audit evidence
Accounting records are not sufficient – they might be wrong.
Evidence can come from: analytical procedures, enquiry and confirmation, inspection, observation and reperformance/recalculation.
Every relevant assertion needs evidence to support it.
See: https://opentuition.com/acca/f8/f8-financial-statement-assertions-and-audit-evidence
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