Audit Evidence – IAASB

Date recorded:

At its meeting on March 15-19, 2021, the IAASB provided direction on the initial proposals of the Audit Evidence Task Force (AETF) on the definition of audit evidence and the meaning of audit procedures. The Board also discussed the meaning of sufficient appropriate audit evidence, including the factors the auditor would think about when considering whether sufficient appropriate audit evidence has been obtained. The Board considered the AETF’s further proposals to incorporate a principles-based approach in considering the relevance and reliability of information intended to be used as audit evidence. The AETF will present further proposals on these issues and other issues related to this project at the June 2021 IAASB meeting.

Review the summary, including the podcast, on the IAASB's Web site.

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