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.
MEETING HIGHLIGHTS - SEPTEMBER 2019
The Board was provided with an overview of the development of the ‘Audit Evidence Workstream Plan’ (AEWP). The Audit Evidence Working Group will accordingly undertake further information gathering and research and develop recommendations for possible further actions to be presented to the Board in the first half of 2020.