Reliability of Data and Information
Free CPA AUD (Auditing & Attestation) lesson in Performing Further Procedures and Obtaining Evidence. 13 min read, ~1,882 words.
Four reliability factors under AU-C 500: source, nature, circumstances of preparation, controls over preparation. Hierarchy: external internal, knowledgeable third party client, documentary oral, original copy, auditor-obtained management-supplied. IPE (any client-generated report, schedule, query, or analysis used as evidence) must be tested for accuracy AND completeness before reliance. Three source data...
Read the full lesson, free →
Worked examples, audio narration, and practice. No signup to read.
What this lesson covers
- Content
- Example 1
- Common Mistakes
- Key Takeaways
- Exam Shortcuts
Learning objectives
- III.A2
Browse all free CPA AUD lessons or jump into free CPA AUD practice questions.