AUD 15 Sufficient Appropriate Evidence
    Application: Determine the sources of sufficient appropriate evidence (e.g., obtained from management specialists, obtained from external sources, developed by the audit team from internal or external sources).

    In this section, the task is Application: Determine the sources of sufficient appropriate evidence, including obtained from management specialists, obtained from external sources, and developed by the audit team from internal or external sources.

    In the context of auditing and attestation, evidence is considered sufficient and appropriate when it is reliable and adequate to support the auditor's conclusions.

    First, let's get an understanding of sufficient appropriate evidence.

    Sufficiency refers to the quantity of evidence. More evidence is not necessarily better. It's about having enough to form a reasonable basis for an audit opinion.

    Appropriateness is about the quality of evidence. It's about the relevance and reliability of the evidence in providing support for the conclusions on which the auditor's opinion is based.

    Now, let's talk about sources of evidence.

    The first source is obtained from management or specialists.

    This could be from internal records and documents. These include financial records, minutes of meetings, contracts, and internal reports. Ensure these are authentic and have not been tampered with.

    There's also management representations. This is written or oral information provided by management. While valuable, these need to be corroborated with other evidence due to inherent biases.

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