Audit Evidence – AASB
Date recorded:
At its meeting on June 6-7, 2022, the AASB discussed the IAASB’s proposed revisions to ISA 500. Key issues discussed included: (i) the objectives of the standard; (ii) the definition for audit evidence; (iii) the addition of general information technology control examples in the standard; (iv) the inclusion of a diagram on ISA 500 in the explanatory memorandum to the exposure draft; and (v) the conforming amendments related to ISA 500.
Review the Executive Summary on the AASB's Web site.
