Page 27 - Auditing Standards

As of December 15, 2017
account balance or class of transactions for the purpose of evaluating some characteristic of the balance or

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Inconsistency in, or Doubts about the Reliability of, Audit Evidence

.29 If audit evidence obtained from one source is inconsistent with that obtained from another, or if the

auditor has doubts about the reliability of information to be used as audit evidence, the auditor should perform
the audit procedures necessary to resolve the matter and should determine the effect, if any, on other aspects
of the audit.

Footnotes (AS 1105 - Audit Evidence):

1 AS 2810, Evaluating Audit Results, establishes requirements regarding evaluating whether sufficient
appropriate evidence has been obtained. AS 1215, Audit Documentation, establishes requirements regarding

documenting the procedures performed, evidence obtained, and conclusions reached in an audit.

2 Paragraph .A5 of AS 2110, Identifying and Assessing Risks of Material Misstatement.

3 When using the work of a specialist engaged or employed by management, see AS 1210, Using the Work
of a Specialist. When using information produced by a service organization or a service auditor's report as audit

evidence, see AS 2601, Consideration of an Entity's Use of a Service Organization, and for integrated audits,
see AS 2201, An Audit of Internal Control Over Financial Reporting That Is Integrated with An Audit of Financial
Statements.

4 There is a reasonable possibility of an event, as used in this standard, when the likelihood of the event is
either "reasonably possible" or "probable," as those terms are used in the FASB Accounting Standards

Codification, Contingencies Topic, paragraph 450-20-25-1.

5 For an integrated audit, also see AS 2201.28.

6 AS 2110.

7 AS 2301, The Auditor's Responses to the Risks of Material Misstatement.

8 AS 2510, Auditing Inventories, establishes requirements regarding observation of the counting of inventory.

9 AS 2805, Management Representations, establishes requirements regarding written management
representations, including confirmation of management responses to oral inquiries.

10 AS 2310, The Confirmation Process.

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