Page 8 - Demo

جميع الحقوق محفوظة ـ اإلعتداء عىل حق املؤلف 8 بالنسخ أو الطباعة يعرض فاعله للمسائلة القانونيةAnd 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 auditOperational 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: