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Audit evidence can be limited by factors such as its reliability and relevance, which may affect the overall quality of the audit. Additionally, obtaining sufficient and appropriate evidence can be time-consuming and costly, potentially leading to resource constraints. There is also the risk of misinterpretation or bias in evaluating the evidence, which could result in inaccurate conclusions. Lastly, some evidence may be inherently subjective, making it difficult to establish clear audit findings.
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What are the sources of audit evidence?
management evidences and direct conformation evidence
What are the advantages of statutory auditing?
advantages and disadvantages of non statutory audit
What are the advantages of non statutory audits?
advantages and disadvantages of non statutory audit
What are the disadvantages of keeping financial records?
this is mainly for our future reference and also for audit purpose
What is inconclusive audit?
An inconclusive audit is one in which the evidence presented is not definite under the specific requirements needed. Information that may be conclusive in other situations can sometimes be inconclusive during an audit.
How would you save against disadvantages of continuous Audit Compare between Continuous Audit and Periodical Audit?
How would you save against disadvantages of continuous Audit Compare between Continuous Audit and Periodical Audit?
What is internal audit audit evidence?
internal audit evidence is all the information the auditor relies on to arrive at any conclusion.
What are the sources of audit evidence?
management evidences and direct conformation evidence
What are the advantages and disadvantages of an audit?
What are advantages of human resources auditing
Which is not an technique for collecting evidence during the ethic audit?
Me
What are the advantages of statutory auditing?
advantages and disadvantages of non statutory audit
Define audit programe and also discuss its advantages and disadvantages and alo contents of audit programme?
it is prepared by auditor for taking action to complete their assignment in well manner.
What is audit procedures?
Audit procedure is the process followed while auditing an entity which may include:Confirm the audit assignmentComplete appropriate planningExecute actual internal audit workDevelop a report
What are the advantages of non statutory audits?
advantages and disadvantages of non statutory audit
Why is it difficult to gather audit evidence?
because their is a lot of people\]
What are the disadvantages of keeping financial records?
this is mainly for our future reference and also for audit purpose
What are the disadvantages of audit report?
there may be other skills that you have that are not included Lack of follow through on the results
