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Audit evidence VS Audit procedure

Nnethra9y ago
Hi Mike, Can help me check if I have correctly stated audit evidence (AE) for the following audit procedures (AP) : Audit of insurance claim: 1) AP: enquire the basis of amount claimed and review any supporting documentation e.g. Mgmt accounts showing loss. AE: agreement of amount claimed to total loss shown in mgmt accounts 2) AP: review correspondence between the co. and the insurance provider, looking for confirmation of any amounts to be paid. AE: correspondences between company and insurance provider on amount to be paid 3) AP: contact the co lawyer to enquire if there is legal issue on insurance claim AE: documentation on any legal issues with regards to insurance claim from company lawyer Please correct me if I am wrong. Thank u so much for your help.
MikeLittleMikeLittleTutor9y ago#1
"AE: correspondences between company ..." Put in there "copy of correspondence ..." And again "AE: documentation on any legal ..." put in "copy of ..." Just remember that procedures start with verbs whereas evidence starts with nouns
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