Page 100 - AA Integrated Workbook STUDENT 2018-19

Chapter 73 4

Qualities of audit evidence

ISA 500 Audit Evidence requires auditors to ‘obtain sufficient appropriate audit
evidence to be able to draw reasonable conclusions on which to base the audit
opinion’.

Audit evidence

Sufficient (quantity) Appropriate (quality)

Depends on factors such as:

 Risk

 Materiality
 Nature of internal
control system

 Reliability

 Size of population

Source Format

 Auditor  Original/written
generated  Copy
 Third party  Oral

 Client
generated

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