What is the purpose of audit evidence?

The purpose of audit evidence is fundamentally about substantiating findings and conclusions drawn during the audit. Audit evidence comprises the information collected, which is analyzed and evaluated to confirm whether the audit objectives have been met. This evidence is essential for auditors as it provides the factual basis that supports their opinions and recommendations. It ensures that the conclusions drawn are not baseless but rather grounded in verified data, thereby enhancing the credibility and reliability of the audit process.

Having solid audit evidence reinforces the integrity of the auditing process, as it ensures transparency and accountability in making decisions based on the audit results. The quality and appropriateness of the evidence gathered determine the reliability and validity of the auditor's conclusions, making it a central pillar of the auditing profession. Each piece of evidence contributes to a comprehensive assessment of the area under audit, enabling informed and justified findings.