Auditors use various Audit techniques to obtain sufficient and appropriate audit evidence. Mention any ten such techniques.

Audit techniques are the methods and procedures used by auditors to obtain sufficient and appropriate audit evidence to support their audit opinion. Here are some common audit techniques used by auditors: Examination of Record: This technique is commonly used by the auditors; the inspection of books and documents is made to verify the validity of data. Inquiry: Auditor can also use the technique of inquiry. He can get the information from resource persons inside or outside the enterprise. Sampling: Auditor can select few items from whole accounting information. This technique enables the auditor to obtain and evaluate the evidence of some characteristics of the whole class. It is helpful in forming the conclusion. Confirmation: To ensure the accuracy of the data, auditor can collect the information from the debtor. Confirmation is response to an inquiry to prove certain data recorded in the books. Compliance: To check the arithmetical accuracy of accounting record, the balancing accounts can be compared with the vouchers to test the reliability of data. Compliance Test: These tests are designed to check the effectiveness and compliance of internal control. In obtaining the audit evidence, auditor is concerned with the existence of effective internal control. Use of Computer Techniques: There are large number of audit techniques like audit software, test packs and mapping which can be used by the auditor to test the accuracy of the data. Substantive Test: These are designed to obtain evidence that data produced by accounting system is accurate or not. It has two kinds; a) Test of detail transaction. b) Test of significant ratios and trends. Dependence on Experts and Auditors: The auditor has to rely on the internal and other auditors to complete his work. He has also to rely on other experts like lawyers, engineers and doctors for their expert opinion about the business. Analytical Review: It consists of studying significant ratios, trends and investigating different changes. This review procedure is based on the expectations of relationship among the past and present data. These are just a few of the many audit techniques that auditors may use to obtain sufficient and appropriate audit evidence. The selection of techniques depends on the auditor's judgment and the nature of the entity being audited.