Collecting and Documenting Audit Evidence
In This Chapter
Evaluating information from your client's management
Considering the four concepts of audit evidence
Putting your knowledge and experience to work
Asking for appropriate evidence
Gathering audit documentation
After finishing risk assessment, as explained in Chapter 3, you must understand how to work with your client's audit evidence and internal controls. This step needs to happen before you start the audit process. Understanding audit evidence and internal controls is particularly important if you're working with a new audit client. This chapter fills you in on working with audit evidence, and Chapter 5 is all about evaluating a company's internal controls.