Audit aeiou

,audit evidence that the expert’s work is adequate for the purposes of the audit,business,by the auditors in the audit report,appropriate audit evidence is available from records held at the entity

If evidence is the service organisation or via the service organisation’s auditors

of measurement

Audit procedures consist of tests of control and substantive procedures; ‘audit procedure’ is the global term

AEIOU can be used for substantive procedures

EIOU can be used for tests of control

(You can’t use analytical procedures for tests of control

) Substantive procedures and tests of control are used to gather evidence about the assertoins

,the reason for the procedure, Each of these points is explained below

Audit procedures are performed in order to test financial statement assertions

Therefore, the first step in explaining an audit procedure is to identify the assertion that needs to be tested