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Audit Evidence is related to the financial audit of a company and this is recorded financial documents. Naturally, it possesses great importance in the field of finance or business. There are several stages in Audit Evidence, and they include:
- Audit reappointment stage.
- Audit Planning Stage.
- Control testing stage.
- Substantive testing stage.
- Final stage or the conclusion part.
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What are the purposes of Audit Evidence?
This is needed to find out the concession of a company’s financial statements through GAAP Accounting process. There is a requisite of some following methods to complete that task:
- Proper investigation.
- Minute observation.
- Different inquiries.
- Confirmation.
- Computation.
- Systematic reviews.
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