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Home⇛Business Research Journal⇛vol. 6 no. 1 (2020)

Probative Forces: Impact to sufficiency and Appropriateness of Audit Evidence

Angelica A. Baguio | Jillian J. Cichon | Khlyne P. Tolibas

 

Abstract:

An auditor’s report contains an opinion whether financial statements are free from material misstatements. These opinions are based from the conclusions derived from obtaining sufficient and appropriate audit evidence. In measuring sufficiency and appropriateness of audit evidence, the auditor’s judgment is required. Despite all of these, issues about companies whose financial statements are audited happened to have material misstatements contained in their financial statements or material fraud exists within the company. Researchers find that audit evidence is the root cause of this complication in audit environment. The researchers want to find out whether the probative forces such as: source, directness, types, academic and professional qualifications of auditors and amount of audit evidence has an impact on external auditors in obtaining sufficient and appropriate audit evidence. After the researchers found out the results, they wish to recommend some guidelines that will help audit firms to enhance the services they offer.



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