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.
management evidences and direct conformation evidence
advantages and disadvantages of non statutory audit
advantages and disadvantages of non statutory audit
this is mainly for our future reference and also for audit purpose
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?
internal audit evidence is all the information the auditor relies on to arrive at any conclusion.
management evidences and direct conformation evidence
What are advantages of human resources auditing
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advantages and disadvantages of non statutory audit
it is prepared by auditor for taking action to complete their assignment in well manner.
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
because their is a lot of people\]
advantages and disadvantages of non statutory audit
this is mainly for our future reference and also for audit purpose
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.