MEGbasierte

MEGbasierte refers to a class of audit evidence based on management's assertions, which are typically presented in the form of management's representation letters. These letters provide a written management representation regarding the accuracy and completeness of certain information or transactions within an organization.

The use of MEGbasierte evidence is a common practice in internal auditing and auditing engagements with a focus on examination of internal controls. This type of evidence relies on the credibility of management's assertions, which are verified through inquiry and testing of different types, including documentation review, physical inspections and transaction testing.

Audit evidence gathered under MEGbasierte can serve as a basis to conclude whether or not a control or a process is operating effectively. This can be done through various types of assurance procedures and techniques.

Limitations of MEGbasierte evidence include the assumption that management is providing accurate and complete information. For example, management may withhold or misrepresent certain information, or fail to disclose certain issues that may be material to the auditors' risk assessment.

MEGbasierte evidence is also subject to a higher level of subjectivity, as it is largely dependent on the auditors' judgment and reliance on management's assertions. To mitigate this risk, practitioners typically follow a layered audit approach, combining both audit evidence and corroboration techniques to minimize potential vulnerabilities in the audit process.