AUDITING STANDARDS AND COMPETENCE OF EVIDENTIAL MATTER.
The growth in the importance of evidence has been reviewed, factors affecting the amount of evidence the auditor should obtain have been set forth, and major classes or types of evidence have been suggested, as follows: physical evidence, documentary evidence originating outside the client's organization, evidence originating within the client's organization, the client's books of record, and ratios and comparisons. In general, some indication of the reliability of an item of evidence is apparent from the classification into which it falls, but there is great variation in the reliability of items within any given classification and some of the factors governing such variation have been suggested. The determination of how much evidence the auditor should obtain, and the matter of the reliability of the evidence he obtains are both important in relation to the generally accepted auditing standard that sufficient competent evidential matter must be obtained to afford a reasonable basis for an opinion regarding the financial statements under examination.
- DOI
- 10.2308/tar-7129501
- Volume
- 29 (1)
- Pages
- 121-126
- Language
- en
- Export
- BibTeX
- Sources
- openalex crossref