Tagged: Audit Evidence

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In order to explain the importance of documenting audit evidence Vijay’s friend narrated a particular instance. “CA Kingmaker was a practicing chartered accountant who was the statutory auditor of Queen Ltd a listed company....

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We Hereby declare………..

Written Representations from the Management of the Company or Management Representations as they are more commonly known generally refer to letters by the management to either the auditor or the shareholders outlining their responsibilities...

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Did you gather it right (contd)…….??

2.) Sufficiency of Audit Evidence refers to the quantum of audit evidence required to satisfy the auditor of the existence of  insignificant (or zero) level of  risk of material mis-statement. It is  influenced by...

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Did you gather it right ……..??

Having gained an overview of what audit was Vijay started for work. Before he could start his work his senior came to him and asked him what all evidences he had planned to gather...