Theoretical Bases of Application of Audit Procedures in the Process of Collecting Audit Evidence

In this article discusses methods for selecting and applying audit procedures in the process of generating audit evidence. The types, groups and signs of the prerequisites for the preparation of financial statements for the purpose of collecting audit evidence are presented. The types, groups and principles of audit procedures are considered.It begins by discussing the different types, groups, and characteristics of prerequisites that are essential for the preparation of financial statements. These prerequisites play a critical role in the overall process of generating audit evidence, as they lay the foundation for the audit work.
Furthermore, the article explores the various types and groups of audit procedures that are commonly used during the audit process. These procedures, ranging from tests of controls to substantive testing, are tailored to assess the completeness, accuracy, and compliance of financial information. The principles guiding the selection and application of these procedures are also addressed, emphasizing their significance in ensuring that the audit process is systematic, effective, and aligned with international auditing standards.
By providing insights into the methods for applying audit procedures, this article contributes to the understanding of how audit professionals can effectively navigate the complexities of the auditing process, thereby enhancing the quality and reliability of the financial statements being audited.