What is relevancy in Audit evidence

4 answers

Ravi Staff September 2, 2017

 
Evidence is considered relevant when it covers all required items.
it is relevant if it covers
Purpose / Risk — collecting evidence for existing list of creditors is not relevant if risk of missing creditors
Test of Controls — evidence is not relevant if it doesnt cover evidend of TOC
Substantive Procedures — not relevant if substantive test not covered
Assertions — not relevant if it doesnt cover all assertions
i am assuming that you have seen video on core audit process and SA 500

#1
Ravi Staff September 2, 2017

please answer related doubt in same link given here in answer section

#2
Audit Staff September 2, 2017

Please give  an example to relate all these points to that example to have more clarity

#3
Ravi Staff September 6, 2017

hello shubham please refer notes and video and then we can discuss more, as i have given examples in video.. if still there is doubt do reply 🙂

#4

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