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And they need to gather proper evidence in regard to the information audited, to
reach an objective opinion, that is supported by the proper evidence. So, there are
many types of audits available (Quality audits- External audit- Operational audit-
Forensic audits etc.) each of them needs different types of evidences to verify
different set of assertions according to the corresponding criteria.
Each type of audit aims to verify different set of assertions, and compare it with
the proper criteria
6. How auditors gather audit evidences? ( i.e.: What is the scope of external

audit?)

Through performing audit procedures as:

A. Vouching: start with recorded transaction in accounting records and match it
with the corresponding receipt (to obtain evidence regarding occurrence)

B. Tracing: start with the receipt and trace it back to the accounting records (to
obtain evidence regarding completeness)

C. Recalculation: to recalculate the amount recorded (to obtain evidence
regarding Accuracy)

D. Physical examination: as attending physical count of inventory to make
sure of inventory valuation (to obtain evidence regarding accuracy and
completeness)

E. Confirmation: to send confirmation to outside parties to confirm their
balances with those in the records (to obtain evidence regarding Occurrence
and accuracy)

F. Inquiries: auditor to inquire about something from internal or external
parties

7. How auditors evaluate audit evidences gathered?

The auditor evaluates the evidence gathered based on its degree of
persuasiveness. Which depends on the level of both:

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‫جميع الحقوق محفوظة ـ الإعتداء على حق المؤلف بالنسخ أو الطباعة يعرض فاعله للمسائلة القانونية‬