Chapter 6, Problem 70FF

To determine

Introduction:

Evidence related problems are those problems that the companies may face without being able to provide ample proof and supporting evidence.

Requirement 1

To describe:

List out the problems related to audit evidence that the auditor has encountered at the time of the audit of the company.

To determine

Introduction:

Audit evidence received from a third part through either manually or electronic or any other medium is called external confirmation.

Requirement 2

To describe:

State the conditions where the proposed generality will be considered not accurate. And also explain the assumptions that the auditor should consider prior to concluding the confirmations as reliable audit evidence.

To determine

Introduction:

Audit evidence received from a third part through either manually or electronically or any other medium is called external confirmation.

Requirement 3

To describe:

The role of professional skepticism while evaluating evidence obtained from confirmations.