Audit Evidence Sufficiency & Appropriateness: Factors to Consider

When concluding on the sufficiency and appropriateness of audit evidence, the results of your audit procedures are a crucial factor to consider.

Here's why:

• Audit procedures are designed to gather evidence: Each procedure, whether it's confirmation, observation, or analytical review, aims to collect specific information relevant to your audit objectives.* Procedure outcomes directly impact evidence: The results of these procedures form the basis of your audit evidence. If a procedure doesn't yield the expected outcome, it raises questions about the evidence's sufficiency and appropriateness.* Sufficiency relates to quantity, appropriateness to relevance: The number of procedures performed and the quality of evidence they produce determine sufficiency. Appropriateness refers to the evidence's relevance and reliability in supporting your audit opinion.

Therefore, carefully evaluating the results of your audit procedures is vital in assessing the overall sufficiency and appropriateness of the audit evidence gathered.