Learning Objectives

Understand the relationship between audit evidence and the auditor's report.

Know management assertions about classes of transactions and events for the period under audit, assertions about account balances at the period end, and assertions about presentation and disclosure.

Define audit procedures and understand their relationship to assertions.

Learn the basic concepts of audit evidence.

Identify and define the audit procedures used for obtaining audit evidence.

Understand the reliability of the types of evidence.

Understand the objectives of audit documentation.

Develop an understanding of the content, types, organization, and ownership of audit documentation.