There Are Seven Methods of Obtaining Audit Evidence: Physical Examination

Essay

There are seven methods of obtaining audit evidence: physical examination, confirmation, documentation, observation, inquiries of the client, re-performance, and analytical procedures.For each of the following types of audit tests, indicate the type(s)of evidence-gathering procedures that can be used during the test: (1)tests of controls, (2)substantive tests of transactions, (3)analytical procedures and (4)tests of details of balances.