By completing this course, you will understand how to:
- explain the core principles of sufficient and appropriate audit evidence and how they support reasonable assurance under ISA 500
- evaluate the relevance and reliability of different evidence sources, including information generated by the entity and obtained externally
- apply key audit evidence-gathering procedures (inspection, observation, confirmation, recalculation, reperformance, analytical procedures, and inquiry) to meet specific audit objectives
- assess the quality of work performed by management’s experts and external information sources, ensuring appropriate auditor responses where reliability is in doubt
- respond effectively to contradictory, incomplete, or unreliable audit evidence, integrating ISA 500 with other relevant ISAs to form well-supported audit conclusions.
