In a 2014 book, former Secretary of State Powell explained how he judges evidence and where he went wrong with his speech to the UN on Iraq’s weapons of mass destruction. These same principles apply to audit evidence.
Evidence
Linkage: How Audit Objectives, Risk, Findings & Evidence Fit Together
Always make sure the major parts of the audit fit together. The objective is satisfied, and the risks are addressed. The findings address the objective and the risks while supported by evidence… Linkage!
Double-Check Your Evidence
Before you put your professional reputation behind the audit conclusion and publish, double-check your evidence!
What Is Chain of Custody?
In this episode of THE SAMPLE, Leita Hart-Fanta explains the Chain of Custody using Enron as an example of what NOT to do. Evidence is more likely to be corrupted as more people touch it.
7 Audit Procedures
How do auditors obtain their evidence? They use one of seven different audit procedures including inquiry, observation and recalculation.
How to Stop the BS
In this episode of THE SAMPLE, Leita Hart-Fanta, CPA defines BS in audit reports and reminds auditors to backup their writing with testing and evidence.
Ask for More Because Testimonial Evidence is Weak
This post focuses on asking for more, because testimonial evidence is weak.
What is the job of an auditor?
Auditors, I suggest you keep your job title on the down-low when meeting someone new at a party. Why? Because just as soon as you reveal you are an auditor, your new acquaintance will get very quiet. Shortly thereafter, your not-yet (and likely will-never-be) friend will leave to get a drink and never come back. […]
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