Objective
The objectives of the project are to:
(a) Explore issues relevant to audit evidence, including those arising from technology, professional skepticism and the growing number of sources of information available to auditors .
(b) Identify and implement actions to address these issues, which may include revisions to ISA 500 or other actions, such as non-authoritative guidance.
Summary
Summary
MEETING HIGHLIGHTS - JUNE 2019
The Board discussed the analysis undertaken by the Audit Evidence Working Group of the issues across the ISAs related to audit evidence and the use of technology more broadly, and the possible actions to address the issues. The Board concurred that guidance should be developed on the effect of technology when applying certain aspects of the ISAs, and that this should be actioned expeditiously. The Board also indicated that more extensive information gathering and research need to be undertaken to understand the issues related to audit evidence, so that the Board is fully informed of the issues in determining the need for revisions to ISA 500 and possibly other related standards.
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Board Papers
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Board Papers
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Board Minutes
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Board Minutes
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CAG Papers
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CAG Papers
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Other
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Other
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