Audit Staff Essentials - New Staff Core Concepts: Audit Evidence

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Audit evidence explained

Reliable audit evidence is needed in any audit. You can learn about audit evidence by studying various topics, including:

• Sources of audit evidence
• Techniques used to gather evidence
• What makes evidence sufficient and appropriate
• What to do with conflicting or contradictory evidence

Analytics and controls

You can also gain insights on numerous topics related to audit evidence, including:

• Using data analytics as a risk assessment tool
• Understanding how biases can influence audit evidence evaluation
• Understanding the significance of controls over evidence to make evidence more reliable

Who Will Benefit

• Recently onboarded staff
• First-year staff
• Firms that want consistent training and level setting

Topics

• Audit evidence and the audit risk model
• Audit evidence sources
• Evaluating audit evidence
• Audit evidence sufficiency
• Audit evidence appropriateness
• Conflicting or contradictory audit evidence
• Controls over evidence
• Evaluating a management specialist

Learning Outcomes

• Recognize the key sources of audit evidence.
• Identify the different techniques auditors use to collect evidence.
• Recall what makes evidence sufficient and appropriate in an audit.
• Recognize how the evidence standard applies to the work performed by management’s specialist.