audit evidence hierarchy
ISA 500 sets out types of evidence which are more reliable than others. National Center for Biotechnology Information. Warehouse Safety Inspection Checklist Template The competence of the audit evidence. . They both focus on the quality of. Previous Question Next Question. Quality of Audit Evidence. Relevant and reliable are two staple auditing terms. Best Physical evidence inspecting intangibles and confirmations. There are a number of ways for an audit team to obtain evidence. Inspection This involves physical examination of supporting accounting documentation contracts records and board of director minutes. Each discipline and its corresponding. The relevance and reliability of audit evidence Relevant evidence will be evidence that relates directly to the assertion being tested if it doesnt then why is it being used. It also includes physical examination of the assets. 1 Audit Evidence ...