Audit Evidence in a sentence
Synonym: proof.
Meaning: Documents or information that support an audit's findings.
(1) The auditor collected audit evidence to support the financial statements.
(2) The audit evidence indicated that the company had overstated its revenue.
(3) The auditor collected sufficient audit evidence to support their findings.
(4) The audit evidence revealed discrepancies in the company's inventory records.
(5) The audit evidence suggested that the company had not properly recorded its expenses.
(6) The audit evidence suggested that the company had not properly recognized its revenue.
(7) The audit evidence indicated that the company had not properly classified its expenses.
(8) The audit evidence indicated that the company had not properly recorded its fixed assets.
(9) The lack of audit evidence raised concerns about the accuracy of the financial statements.
(10) The audit evidence showed that the company had not properly disclosed certain liabilities.
Audit Evidence sentence
(11) The auditor relied on documentary audit evidence to verify the existence of certain assets.
(12) The auditor concluded that the audit evidence supported the company's financial statements.
(13) The auditor obtained audit evidence from tax returns to verify the company's tax provisions.
(14) The audit evidence revealed that the company had not properly recorded its lease obligations.
(15) The audit evidence showed that the company had not complied with certain accounting standards.
(16) The audit evidence suggested that the company had overstated its revenue in the previous year.
(17) The auditor obtained audit evidence from bank statements to verify the company's cash balances.
(18) The auditor obtained sufficient audit evidence to support the valuation of the company's assets.
(19) The auditor requested additional audit evidence to confirm the validity of certain transactions.
(20) The audit evidence indicated that the company had not complied with certain accounting standards.
Audit Evidence make sentence
(21) The audit evidence revealed that the company had not properly recognized its warranty liabilities.
(22) The audit evidence suggested that the company had not properly accounted for its deferred revenue.
(23) The audit evidence suggested that the company had not properly accounted for its intangible assets.
(24) The auditor obtained audit evidence from payroll records to verify the company's employee expenses.
(25) The auditor used analytical procedures to evaluate the audit evidence and identify potential risks.
(26) The auditor relied on documentary audit evidence to verify the accuracy of the financial statements.
(27) The auditor obtained audit evidence from sales invoices to verify the company's revenue recognition.
(28) The auditor obtained audit evidence from purchase orders to verify the company's inventory purchases.
(29) The audit evidence revealed that the company had not properly accounted for its long-term liabilities.
(30) The auditor obtained audit evidence from third-party confirmations to verify the company's receivables.
Sentence of audit evidence
(31) The audit evidence revealed that the company had not properly disclosed its related party transactions.
(32) The auditor obtained audit evidence from legal documents to verify the company's contingent liabilities.
(33) The auditor obtained audit evidence from management representations to support the financial statements.
(34) The audit evidence indicated that the company had not properly disclosed its related party transactions.
(35) The auditor obtained audit evidence from customer contracts to verify the company's revenue recognition.
(36) The audit evidence indicated that the company had not adequately disclosed its related party transactions.
(37) The auditor documented the audit evidence obtained during the examination of the company's books and records.
(38) The auditor obtained audit evidence from physical inventory counts to verify the company's inventory balances.
(39) The auditor used analytical procedures as audit evidence to assess the reasonableness of the financial statements.
Audit Evidence meaning
Audit evidence is a crucial component of the auditing process. It refers to the information that auditors gather and evaluate to support their conclusions about the financial statements of an organization. Audit evidence can come in many forms, including documents, records, and other data that provide support for the financial statements. When using the phrase "audit evidence" in a sentence, it is important to understand its meaning and context. Here are some tips for using this phrase effectively:
1. Define the term: Before using the phrase "audit evidence" in a sentence, it is important to define what it means. This will help ensure that your audience understands the context of the phrase and its importance in the auditing process.
2. Use it in the right context: The phrase "audit evidence" should be used in the context of an audit or financial statement review. It is not appropriate to use this phrase in other contexts, such as a general discussion about evidence or proof.
3. Be specific: When using the phrase "audit evidence," it is important to be specific about the type of evidence being discussed.
For example, you might refer to "documentary evidence" or "oral evidence" to provide more detail about the type of evidence being evaluated.
4. Use it in a sentence: Here are some examples of how to use the phrase "audit evidence" in a sentence: - "The auditors gathered extensive audit evidence to support their conclusion that the financial statements were fairly presented." - "The audit evidence included bank statements, invoices, and other financial records." - "The auditors were satisfied with the quality and quantity of audit evidence they were able to obtain."
5. Understand the importance of audit evidence:
Finally, it is important to understand the critical role that audit evidence plays in the auditing process. Without sufficient and reliable audit evidence, auditors cannot provide assurance that the financial statements are accurate and complete. Therefore, it is essential to gather and evaluate audit evidence carefully and thoroughly.
The word usage examples above have been gathered from various sources to reflect current and historical usage of the word Audit Evidence. They do not represent the opinions of TranslateEN.com.