Feb 17, 2015
- Audit Evidence is Module 6 of 17 from the ABC's of Auditing course from the Financial Learning Academy. This 16:42 minute video discusses the meaning of sufficient appropriate audit evidence. Inspection, observation, inquiry, confirmation, recalculation, reperformance, and analytical review evidence gathering techniques are discussed.
- Type of Material:
- Video Presentation.
- Recommended Uses:
- Homework, lecture.
- Technical Requirements:
- Internet Browser, Media Video Player.
- Identify Major Learning Goals:
- To explain the different types of audit evidence per generally accepted auditing standards.
- To differentiate the vocabulary and requirements involving audit evidence.
- Target Student Population:
- Undergraduate/graduate auditing educators and students.
- Prerequisite Knowledge or Skills:
- Some interest in the area of auditing and Intermediate Accounting II.
- The content of this video presentation is accurate, relevant, and informed by scholarship. Concepts are well integrated and summarized. The video includes an adequate amount of information to be self-contained.
- The author provides the audience with an entertaining method to differentiate among the various types of audit evidence. Excellent practical examples of the audit evidence gathering techniques of inspection, observation, inquiry, confirmation, recalculation, re-performance, and analytical review are discussed and illustrated.
- Excellent use of generally accepted auditing standards terminology. Very clear distinctions are made with respect to the precise language that auditors need to know in an accessible and easy to understand manner.
- This video presentation is an effective teaching and learning tool. Concepts are reinforced progressively, building on prior concepts and demonstrating relationships between and among them. Users will learn a lot in a short time.
- The author is very enthusiastic about the auditing profession and has a captivating voice.
- The author includes meaningful visualizations to illustrate concepts nicely throughout his presentation.
- Humorous reference to tick and bop in the creator’s “thinking cloud” enhance interest and keep one's attention.
- The tie-in to the assertions are very good with a very clear discussion that includes visual inserts for audit procedures, timeliness, and sufficiency.
- Good inclusion and clarification of the role of internal control versus substantive testing in evidence. The discussion of evidence persuasiveness is thorough as well.
- The author’s website and related educational videos are professionally designed and visually appealing.
- The author has a gift for presenting complex technical material in a simple-to-understand way.
- The author pauses his discussion at appropriate times to allow for the inclusion of rhetorical questioning which enables the audience to process the information being presented. He masterfully continue by providing positive feedback.
- The use of visual aids is excellent, with overlays and colors utilized effectively to highlight important concepts. In particular, the graphic of the palette to accompany the “art” of auditing was a suble, but clever touch.
- The presentation thoroughly addresses analytical procedures, including an example for an interest calculation. An excellent timeline graphic is used to show and describe analytical procedures in the planning, execution, and reporting phase. It was a simple and effective technique to differentiate between the functions of analytical procedures at each given time.
- Other Issues and Comments:
- A very thorough and understandable lecture in audit evidence.
- Creative Commons: