Primary Blogging

Collecting blogs about primary education

Evidence you can take to the bank

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Distant Ramblings on the Horizon

When I was training as an accountant and running audits we were taught that there were different levels of reliability of evidence. The least reliable was oral evidence from the the client. The most reliable was written evidence provided by an external, independent organisation in response to a specific request made by the audit team. So, for example, a bank statement given to us by the client was deemed to be fairly reliable, but not as reliable as a bank statement sent directly to us by the bank in response to a written request made by us.

During the course of an audit you would find yourself relying on all sorts or evidence, but a large part of the audit judgement (particularly for the smaller client) was wrapped up in that bank statement. If oral representations made by the client weren’t able to be linked back in some way to…

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