What is audit evidence? Define audit evidence? Provide three examples of audit evidence and explain why you...

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Accounting

What is audit evidence?
Define audit evidence? Provide three examples of audit evidenceand explain why you believe that each example is auditevidence
Discuss the two attributes of audit evidence and provide one ormore examples of each attribute to complete your discussions. Bespecific and thorough when discussing each attribute orcriteria.

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a Audit evidence is the evidence used by the auditor to draw conclusions on the basis of which auditor decides which opinion to pass on the true and fair view of the financial statements It forms the very basis of all the procedures to be performed during an audit Auditor needs to first obtain the audit evidence and then check its sufficiency and appropriateness by performing various substantive and analytical procedures and controls testing as well 3 examples of audit evidence are as follows i For purchase of raw material or finished goods Audit evidence which needs to be obtained includes the purchase invoice and the goods receive note This is because purchase invoice See Answer

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