Auditing Evidence


DEFINITION of 'Auditing Evidence'

The information collected for review of a company's financial transactions, internal control practices, and other factors necessary for the certification of financial statements by a certified public accountant. The amount and type of auditing evidence considered varies considerably based on the type of firm being audited as well as the required scope of the audit.

BREAKING DOWN 'Auditing Evidence'

The goal of any audit is to determine whether a company's financial statements comply with the generally accepted accounting principles applicable to the entity's jurisdiction. Publicly traded companies are generally required to present fully audited financial statements to shareholders periodically.

  1. Audit

    An unbiased examination and evaluation of the financial statements ...
  2. Positive Confirmation

    An auditing inquiry that requires the customer to respond to ...
  3. Negative Confirmation

    A request by an auditor sent to a sample of a company's customers ...
  4. Audit Risk

    The risk that an auditor will not discover errors or intentional ...
  5. Independent Auditor

    A certified public accountant who examines the financial records ...
  6. Auditor's Report

    Recorded in the annual report, the auditor's report tests to ...
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