Evidence-related findings in pcaob inspection reports

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On pages 223-224, read "Why It Matters: Evidence-Related Findings in PCAOB Inspection Reports". Each excerpt describes an audit deficiency related to evidence that is a failure by the firm to perform, or to perform sufficiently, certain necessary audit procedures and to obtain sufficient appropriate evidence. Note: four excerpts are on page 224. Respond to the following:

(1) How does PCAOB define sufficient and appropriate evidence?

(2) Give an example of sufficient appropriate evidence?

(3) Do you think there could be valid disagreements between the PACOB and audit firms on what constitutes sufficient appropriate evidence? What traits of evidence can lead to a valid disagreement?

Reference no: EM133266682

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