Audit Evidence

Audit Evidence

Audit Evidence: Audit evidence which is cumulative in nature includes audit evidence obtained from audit procedures performed during the course of the audit and may include audit evidence obtained from other sources such as previous audits and a firm’s quality control procedures for client acceptance and continuance.

An auditor must gather sufficient and appropriate audit evidence and test them to make a judgment of opinion. All the Information used by the auditor in arriving at the conclusions on which the audit opinion is based, and includes the information contained in the accounting records underlying the financial statements and other information.

Objectives of audit evidence:

Objectives of audit evidence are given below –

  • To enable the auditor to express an opinion rather than financial statement are prepared in all material objects.
  • To enable the auditor to arrive at a wise harm that will become a basis for an audit opinion.
  • To enable the auditor to disclose whether he has obtained or has been provided with sufficient evidence.