Audit evidence and methods for obtaining them

This article reveals the essence of audit evidence, discusses its types, sources and methods for obtaining such evidence. According to the author, audit evidence is information obtained during an audit conducted to achieve a specific objective. The author emphasizes that the sufficiency of audit evidence is its quantitative measure, which is necessary for the audit firm to express its opinion. The author identifies the factors that are necessary to determine the adequacy and sufficiency of audit evidence. The methodology and rules for assessing the reliability of audit evidence, as well as their classification, are presented. The sources of generation of audit evidence are studied and the procedures for their implementation are listed. A list of requirements for the preparation of audit documents, as well as for their information content, has been determined. The structure of documents drawn up by the auditor based on the results of an audit of the activities of a business entity is shown.