Evidence gathering techniques

Audit standards require the auditor to accumulate sufficient appropriate evidence to support the opinion issued. The specific methods of gathering evidence depend largely on the type of account in question and the auditor's judgment.

1. Choose 3 accounts that you need to gather evidence for.

2. For each account, name, describe and defend evidence-gathering techniques that in your opinion are appropriate for the accounts you are testing.

3. Describe the relative significance and reliability of each technique.