What makes audit evidence persuasive? What is the criteria?

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• Auditing and Assurance: Make audit evidence persuasive

  408394 Auditing and Assurance: Make audit evidence persuasive What makes audit evidence persuasive? What criteria must meet evidence to be considered persuasive?

• The auditor's assessment of internal controls

  (Auditing and Assurance Services, p. 37, 2006)" Why is it important that an auditor obtain "sufficient evidence"? What makes evidence competent or persuasive?

• Auditor collect documentation, perform analytical procedures

  Audit evidence is all the information that an auditor uses to arrive at auditing conclusions upon which audit opinion is based.

• What should auditors do if their evidence is questioned?

  If the auditor's evidence does not appear persuasive while the audit is going on, the auditor is required to expand scope and gather more evidence.

• Audit evidence: Validity of sources of evidence

  Your discussion is 243 words and explains sources of evidence and the "pecking order" of quality of evidence so you can see how the least persuasive to the most persuasive is determined.

• 6-21 audit evidence: evaluating inquiry and oral evidence

  Inquiry has very low validity and is a good starting place to decide what to test and perhaps the areas for attention but is not persuasive. B.

• Evidence from independent third parties vs evidence from auditee

  The most convincing is outside knowledge parties giving the evidence since they presumably have no stake in the outcome of the audit. All other evidence is from "insiders" or folks that have a stake in the outcome of the audit.

• Audit evidence: Evaluate inquiry and oral evidence, limitati

  Inquiry and oral evidence, what the client tells you in response to questions about their business or what outsiders tell you about the client, is low quality evidence because it is indirect.

• attestation engagement reports

  To express an opinion, the practitioner must gather sufficient evidence to reduce attestation risk to an acceptably low level. Attestation risk is similar to the audit risk concept used in Statements on Auditing Standards.