Audit Evidence
Accounting glossary · Understand, connect, apply
Audit evidence is the information an auditor uses to reach conclusions about the financial statements or controls being audited.
Example
A customer confirmation supports a recorded balance, while a subsequent credit note may challenge it.
Remember the difference
Consider evidence that contradicts management’s explanation as well as evidence that supports it.
Browse the accounting glossary · PCAOB reference: AS 1105
Prepared with AI assistance. Examples are fictional and simplified for learning.
Examples are simplified for learning. Where a term depends on US law, IFRS, US GAAP or a historical rule, check the context explained above and the requirements relevant to your course.
Study references: OpenStax financial accounting and managerial accounting. For reporting requirements, consult the applicable IFRS Standards or FASB guidance. US tax terms should be checked against the relevant tax-year IRS instructions.
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