Audit Evidence: The core of auditing work
(The author is the audit assistant in AK & Partners Auditors and Chartered Accountants, one of the auditing firms in qatar)
ISA 230 Audit Documentation requires auditors to prepare audit documentation for an audit of financial statements on a timely basis.
Benefits of documenting audit work:
- In an audit of financial statements, documents collected by the auditor shall be sufficient and appropriate record of the basis for the auditor’s report.
- In addition to the basis of the auditors report and opinion, the audit documents are evidence that the audit was performed in accordance with auditing standards and applicable legal and regulatory requirements.
Characteristics of good quality audit evidence:
Methods of obtaining audit evidence:
Reliability of such evidence:
