What is 'audit evidence' in SAP GRC-AUD - SAP Audit Management?

audit evidence - Overview

• Component: GRC-AUD

• Component Name: SAP Audit Management

• Description: All the information that is used by the auditors to support their opinion and to help them arrive at a conclusion. The evidence is recorded in working papers in .

audit evidence - Details

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  Key Concepts: 
  Audit evidence is information gathered by an auditor to support the conclusions reached in an audit. It is used to evaluate the accuracy and reliability of the financial statements and other information provided by the auditee. Audit evidence can include documents, records, interviews, observations, and analytical procedures.
  
  How to use it: 
  In SAP Audit Management, audit evidence is used to support the conclusions reached in an audit. It can be used to evaluate the accuracy and reliability of the financial statements and other information provided by the auditee. The auditor can collect evidence from documents, records, interviews, observations, and analytical procedures.
  
  Tips & Tricks: 
  When collecting audit evidence, it is important to ensure that it is relevant and reliable. The auditor should also consider the source of the evidence and its potential impact on the audit conclusion.
  
  Related Information: 
  The International Standards on Auditing (ISA) provide guidance on how to collect audit evidence. The ISA also outlines the requirements for documenting audit evidence and how it should be evaluated. Additionally, SAP Audit Management provides tools for collecting and analyzing audit evidence.