Faculty of Economic and Financial Sciences
Learning Unit 7 – Fundamental Concepts of
obtaining Audit Evidence
Auditing and Internal Control 2015
,Department of Commercial
Accounting
CHAPTER 5
AUDIT EVIDENCE Page 5/20 – 5/27
• A fundamental concept in the audit function.
• The auditor should obtain sufficient, appropriate
audit evidence to be able to draw reasonable
conclusions on which to base the audit opinion.
• Where does audit evidence fit in auditing? (Audit
strategy – Audit plan – Audit programme – Audit
procedures – Audit evidence)
Faculty 2013 2
, Department of Commercial
Accounting
Sufficient evidence – the sufficiency of audit
evidence relates to the quantity of audit
evidence gathered.
An auditor must evaluate whether enough
evidence has been obtained to support an
opinion. Sufficient evidence is gathered by
performing a number of procedures on each
account balance or class of transactions.
Faculty 2013 3
Learning Unit 7 – Fundamental Concepts of
obtaining Audit Evidence
Auditing and Internal Control 2015
,Department of Commercial
Accounting
CHAPTER 5
AUDIT EVIDENCE Page 5/20 – 5/27
• A fundamental concept in the audit function.
• The auditor should obtain sufficient, appropriate
audit evidence to be able to draw reasonable
conclusions on which to base the audit opinion.
• Where does audit evidence fit in auditing? (Audit
strategy – Audit plan – Audit programme – Audit
procedures – Audit evidence)
Faculty 2013 2
, Department of Commercial
Accounting
Sufficient evidence – the sufficiency of audit
evidence relates to the quantity of audit
evidence gathered.
An auditor must evaluate whether enough
evidence has been obtained to support an
opinion. Sufficient evidence is gathered by
performing a number of procedures on each
account balance or class of transactions.
Faculty 2013 3
