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1. Types of audit procedures
for audit evidence
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ISA 500 Audit Evidence

2. Inspection
Inspection involves examining records
or documents, whether internal or
external, in paper form, electronic form,
or other media, or a physical
examination of an asset.
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3. Observation
Observation consists of looking at a
process or procedure being performed
by others
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4. External Confirmation
An external confirmation represents
audit evidence obtained by the auditor
as a direct written response to the
auditor from a third party
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5. Recalculation
Recalculation consists of checking the
mathematical accuracy of documents or
records.
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6. Reperformance
Reperformance involves the auditor’s
independent execution of procedures or
controls that were originally performed
as part of the entity’s internal control.
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7. Analytical Procedures
Analytical procedures consist of
evaluations of financial information
through analysis of plausible
relationships among both financial and
non-financial data.
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8. Inquiry
Inquiry consists of seeking information
of knowledgeable persons, both
financial and non-financial, within the
entity or outside the entity.
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9. International Standards On Auditing 500
Audit Evidence
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