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Required information Types of Audit Evidence Read the overview below and complete the activities that follow. Auditors must gather a combination of many types of
Required information Types of Audit Evidence Read the overview below and complete the activities that follow. Auditors must gather a combination of many types of audit evidence to best reduce their audit risk. There are seven major types of audit evidence: 1) accounting information system, 2) documentary evidence, 3) third-party representation, 4) physical evidence, 5) computations, 6) data interrelationships, and 7) client representations. CONCEPT REVIEW Audit evidence is any information that corroborates or refutes the auditors' premise that the financial statements present fairly the client's financial position and operating results. Match each definition or example with its correct type of audit evidence Comparison between theVariety of records in Methods and Written Representations Tangible asset made independently to records to process,documentation to relationshipscompany's support of the or evidence from outside parties from examination summarize, and report the companys cmpany's business representationprove arithmetical or nonfinancaccounting system from clientsaccuracy of lientamongcia data Accounting Information Systems Documentary Evidence Third Party Representations Data Physical Evidence Client Computations Interrelationships Representations
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