How do you Harvard reference an unpublished report?

To be made up of:

Author or organisation.
Year produced (in round brackets).
Title of report (in italics).
Internal report (including name of institution).
Unpublished.

Which form of evidence is most reliable?

Physical Evidence

What is appropriate audit evidence?

Appropriateness is the measure of the quality of audit evidence, i.e., its relevance and reliability. To be appropriate, audit evidence must be both relevant and reliable in providing support for the conclusions on which the auditor’s opinion is based.

What are the eight types of audit evidence?

Terms in this set (8)

physical examination. inspection or count or tangible assets.
confirmation. receipt of written or oral repsonse from independent 3rd party, verifying accuracy of info requested by auditor.
inspection (documentation)
recalculation.
client inquiries.
re-performance.
analytical procedures.
observation.

What is the most reliable audit evidence?

Audit evidence obtained directly by the auditor (for example, observation of the application of a control) is more reliable than audit evidence obtained indirectly or by inference (for example, inquiry about the application of a control).

What assertions does an inventory count cover?

As auditors, we usually audit inventory by testing the various audit assertions including existence, completeness, rights and obligations, and valuation. In the audit process of inventory, physical inventory count may be the most important part of the inventory audit.

What assertions do bank reconciliations cover?

Key objectives to these assertions are; Existence and Completeness, Rights and Obligations, Valuation or Allocation, and Presentation and Disclosure.

What documents do auditors check?

Let’s have a look at the documents that may be required during an audit.

Reports on the Payroll.
List of All the Bank Accounts Used.
List and Evidence of all the Transactions.
The General Ledger.
Trial Balance of the Company.
Copies of all legal documents.
Confirmations.
Schedules.

What does an auditor do on a day to day basis?

In a typical day, the projects he works on might include process improvements, internal control identification and testing, reviews of policies and procedures, audit planning, external audit assistance, reviewing work papers, inventory counts, IT audits and, on rare occasions, fraud investigations.