Ch 4 · Audit Evidence & Documentation

📘 Core concepts

1. 1SA 500 — Sufficient appropriate audit evidence.
2. 2Procedures: inspection, observation, external confirmation, recalculation, reperformance, analytical, inquiry.
3. 3External confirmation (SA 505) more reliable than internal; written more than oral.
4. 4Sampling (SA 530): statistical vs non-statistical; tolerable misstatement, sample size factors.
5. 5Documentation (SA 230) — sufficient + appropriate; assembly within 60 days of audit report.