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Deloitte comments on AICPA proposed SAS on audit evidence

Published on: Sep 19, 2019

Deloitte & Touche LLP comments on the Auditing Standards Board of the American Institute of Certified Public Accountants (AICPA) on its proposed Statement on Auditing Standards (SAS), Audit Evidence.

An excerpt from the comment letter is shown below:

D&T fully supports the ASBs efforts to address the need for “modernized” guidance regarding the evolving nature of information, how an auditor evaluates the information to be used as audit evidence, and what ultimately constitutes audit evidence in an audit of financial statements. However, to advance a project of such magnitude we believe that there needs to be a holistic approach to addressing the use of audit evidence throughout the suite of professional standards. In doing so, we believe that revisions will likely extend beyond those outlined in the proposed SAS.

For more information, see the full text of the comment letter which is available below.


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