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Have your say on the future of the audit evidence standards

On 26 March 2020, the AUASB, in conjunction with the CA ANZ and CPA Australia, presented an interactive webinar discussing the IAASB’s proposed scope for revising ISA 500 Audit Evidence. The webinar explored the key challenges identified by the IAASB in applying the audit evidence standard, the fundamental issues not covered by the challenges and how the challenges could be addressed. We are now seeking feedback from Australian stakeholders on the IAASB’s proposals.

Thank you to all those who were able to attend the webinar and provide valuable feedback which will directly influence the IAASB’s audit evidence revisions.

For those who were unable to attend, you can view a recording of the webinar here.

The AUASB, CA ANZ and CPA Australia are interested in obtaining feedback from a wide array of stakeholders on the IAASB’s Audit Evidence proposals and have created a short survey form to capture this. If you have yet to provide feedback to the AUASB on issues related to audit evidence, please follow this link and complete the short survey (5 minutes) to do so.

Please also review the following IAASB Audit Evidence outreach paper prior to completing the survey.

Relevant Links

Audit Evidence Webinar Recording

Audit Evidence Survey

IAASB Audit Evidence outreach paper