- NY Credits : 2.0
- TX Credits : 2.0
GAAS Guide - Evidence and Procedures
Audit programs give the auditor a list of procedures to procure evidence to support her/his opinion. Evidence to support the auditor's conclusions is gathered via testing of the client's systems. Sufficient and competent evidence is another of the general standards. Evidence is considered more competent if it is performed by the auditor or received by the auditor from an independent third party (e.g., a vendor, customer, or bank). Audit sampling helps an auditor achieve sufficient evidence to support her/his opinion while conducting an efficient audit. This program discusses audit evidence and procedures.
Upon successful completion of GAAS Guide - Evidence and Procedures, the user should be able to:
explain the nature and appropriateness of audit evidence,
discuss the relevance of various relevant SASs,
discuss the nature of the internal audit function and its relationship to the external auditor,
identify the management representations that should be made for each audit,
identify when analytical procedures are required in an audit,
explain when to use analytical procedures and in which areas they work most effectively,
explain why a specialist is used and generally for what purposes,
discuss the use and custody of audit documentation, and
explain what is a related party and what audit procedures are necessary when related parties are involved.