SUMMARY

The article of AUDIT EVIDENCE AND SPECIFIC CONSIDERATIONS FOR

CERTAIN ITEMS highlighted the objectives of obtaining and documenting
an appropriate of the audit evidence related to inventory, receivable,
payable and incomes in financial statement. The objectives performed by
the auditors to make sure that financial statement as whole are
completely free of material misstatement and report accordingly in the
auditors report. There are several of ways to obtain audit evidence such
as inspection, observation, confirmation, recalculation, re-performance
and analytical procedures. Audit evidences just reduced the low level of
risk that auditors can express in auditors report.
There are two vital terms in audit evidence namely sufficient and
appropriate which is interrelated. Sufficiency is the measure of the
quantity of audit evidence. Quantity of evidence needed by auditors is
affected by risk assessment from auditor which is the more the risk, the
more evidence needed by auditor and vice versa. Appropriateness is the
measure of the quality of audit evidence. The quality of evidence is
depends on whether it is relevant and reliable to support the auditors
conclusion in audits report.
The audit evidence should be obtained by performing risk
assessment procedures and further audit procedures. The results of the
initial risk assessment procedures, like the entitys business risk
assessment is useful to design the nature, timing and extent of further
audit procedures, in addition the sufficient appropriate evidence will be

obtained in respect of those risks identified. The audit evidence produced

by the planned audit procedures should be sufficient and appropriate to
support and verified the managements assertions in dozens of
transactions, account balances or disclosures in the financial statements.