Gurjeet SagguGurjeet asked 2 years ago
1 Answers
Auditaudit Staff answered 1 year ago

Yes, it is a procedure with corroborate to plan and decide which evidences are to be obtained. It means collecting information and understanding the entity.
But as per ICAI procedures to obtain audit evidence are the methods to obtain audit evidence according to SA 500.
all the SAs give us process of doing audit
Risk Assessment Procedures one of them
it means collecting information and obtaining understanding
it is done at the start of the audit
on the basis if this audit is planned.

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