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What are the four factors that influence the reliability of audit evidence?

Auditing
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Question added by Frank Mwansa , ACCOUNTING LECTURER , FREELANCER
Date Posted: 2016/02/11
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Omar Akmad
by Omar Akmad , Accountant , Bangsamoro Development Agency

Factors that highly affect the reliability of audit evidence are:

  1. Source ; Source is evaluated based on its provider's independence, objectivity, internal control's strength and etc.
  2. Verifiability ; Such as Official Receipts with OR number, Particulars, date and  company name and etc.
  3. Technical Procedures Used; Such as Sampling Techniques
  4. Auditor's knowledge

sarah amaya

Degreee of risk misstatement Materiality of items Size of business Financial position of the company

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