The following are examples of documents typically obtained by auditors.

Required

For each example:

a. Classify the document as internal or external evidence.

b. Classify the document as to its relative reliability (high, moderate, or low).

c. Identify an account balance and related assertion(s) for which the auditor might use the document.

Documentary Evidence Utilized in an Audit:

1. Vendor invoices

2. Vendor monthly statements

3. Sales invoices

4. Shipping documents for sales

5. Bank statements

6. Employee payroll time cards

7. Receiving reports for goods received from vendors

8. Sales contracts

9. Purchase commitment contracts

10. Lease agreements

11. Estimated warranty schedules

12. Purchase order stored on client computer and received by EDI

13. Credit rating reports

14. Vendor invoice stored on client computer and received by EDI