Audit:

The audit is the process of checking the financial statements of a company `to ensure that it is 100% authentic and free from any kind of bias or fraud.

Fraud:

Fraud means the willingly wrong representation of something, to hide some material facts from outsiders or mislead them about some facts.

Professional judgment:

Professional judgment refers to the use of professional knowledge and experience by the accountant and other departments involved in the process of preparation of the financial statement to make it more useful, understandable, and comparable.

Audit evidence:

Audit evidence means evidence collected by the auditor in the process of auditing. There are many types of evidence that the audit collects during the audit. When the auditor finds something wrong or incorrect in the financial statement of the company. He cannot report it in the audit report without any proof.

So, the auditor collects evidence that proves that there is something wrong with the financial statements of the company.