During this process you would want to collect any kind of financial information that will be relevant for the completing the audit. Once this takes place, you would want to establish a follow up interview with key personnel in the company. The idea is compare and analyze what you are being told by executives with actual documentation. Where, you would look for inconsistencies when comparing what the person is saying with: various financial numbers and then using common sense. At which point, you would ask them a series of questions and pay attention to changes in their body language and the way they are talking (to determine any kind of inconsistencies through non-verbal cues). (Siegle, 2008) (Beasley, 2008)
Discuss how the Audit Evidence will be evaluated and Conclusion Drawn
The audit evidence will be analyzed based upon comparing the actual numbers, with the various responses from executives at the company. In this case, we are looking for any kind of inconsistencies between: the actual numbers and what executives are saying. Those...
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