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The auditor's assessment of internal controls

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The auditor's assessment of internal controls can "help the auditors develop the audit program, which specifies the nature, timing, and extent of further audit procedures necessary for gathering sufficient evidence. (Auditing and Assurance Services, p. 37, 2006)" Why is it important that an auditor obtain "sufficient evidence"? What makes evidence competent or persuasive?

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The solution analyzes why it is important that an auditor obtains sufficient evidence.

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The auditor's assessment of internal controls can "help the auditors develop the audit program, which specifies the nature, timing, and extent of further audit procedures necessary for gathering sufficient evidence... (Auditing and Assurance Services, p. 37, 2006)" Why is it important that an auditor obtain "sufficient evidence"? What makes evidence competent or persuasive?

The auditor must obtain sufficient evidence for several reasons. An auditor must collect evidence that is appropriate, relative ...

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