Audit evidence and Audit equation

Based on the third auditing standard operations , the auditors are responsible for auditing and investigation procedures to create the necessary and sufficient evidence to take account of an economic unit. According to some theories, audit evidence to support the audit opinion would be the same elements as the basic accounting equation (Assets = Liabilities + Equity) as the function of the audit (Accounting audit evidence = Data + Information obtained by the auditor) audit of the basic equation is regarded as rational logic of an audit of financial statements reflects. Auditors need to test the accuracy of the accounting data to comment on the statement of financial accounting data, so that alone is not sufficient to determine the utility of financial statement, original data analysis and accounting procedures used by the auditor in the accounting process by performing audit procedures to be reviewed, then reasonable basis for commenting on the financial statements shall be prepared.

کلیدواژه ها:

Audit evidence ، Equation audit scarcity ، the industry average ، long-running test