Audit evidence includes only written information used by the auditor in arriving at an opinion about the fairness of financial statements.

Question

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Audit evidence includes both written and oral information used by the auditor in arriving at an opinion about the fairness of financial statements. Examples of audit evidence include financial statements, internal controls, confirmations, and other documentation obtained through procedures such as observation, inquiry, and inspection.

Audit Evidence Includes Only Written Information Used by the Auditor