Lesson: Types of Audit Evidence

In this lesson, different types of audit evidence are discussed, particularly focusing on how they relate to the various testing methods that auditors perform during their review. Some of the audit evidence types covered include remittance advice, shipping document, receiving report, bill of lading, purchase order, vendor invoice, packing slip, and bank statement. Each type of document is discussed in terms of its source, its usage, and how it helps auditors and companies verify and reconcile various financial transactions. The lesson highlights the importance of memorizing the various uses for each type of audit evidence, as it will play a crucial role in answering questions related to substantiating and verifying financial information.