Reliability of Data and Information
Free CPA AUD (Auditing & Attestation) lesson in Performing Further Procedures and Obtaining Evidence. 13 min read, ~1,982 words.
AU-C 500 reliability rests on four factors: source, nature, circumstances of preparation, and controls over preparation. Hierarchy ranks external over internal, knowledgeable third party over client, documentary over oral, original over copy, and auditor-obtained over management-supplied. IPE (any client-generated report, schedule, query, or analysis used as evidence) must be tested...
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What this lesson covers
- Content
- Example 1
- Common Mistakes
- Check Your Understanding
- Exam Shortcuts
Learning objectives
- III.A2
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