WOOD COUNTY AGRICULTURAL SOCIETY WOOD COUNTY REGULAR AUDIT FOR THE YEARS ENDED NOVEMBER 30, 2004 AND: Fill out & sign online

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What are the 3 main sources of audit evidence?

Audit evidence may be physical, documentary, oral or analytical.

What are the six 6 types of audit evidence?

How Is Audit Evidence Obtained? Inspection. Auditors collect evidence by inspecting physical assets, records, or documents. Observation. Auditors observe the clients business processes and operations to identify deficiencies. Inquiry. External confirmation. Recalculation. Reperformance. Analytical procedures.

How is the audit report dated?

(c) Date of the auditors report is the date selected by the auditor to date the report on the financial statements. The auditors report is not dated earlier than the date on which the auditor has obtained sufficient appropriate audit evidence on which to base the opinion on the financial statements.

Which of the following is considered audit evidence?

The auditing evidence is meant to support the companys claims made in the financial statements and their adherence to the accounting laws of their legal jurisdiction. Examples of auditing evidence include bank accounts, management accounts, payrolls, bank statements, invoices, and receipts.

What is considered audit evidence?

Audit evidence is all the information, whether obtained from audit procedures or other sources, that is used by the auditor in arriving at the conclusions on which the auditors opinion is based.

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