Audit Evidence

Proposed International Standard on Auditing 500 (Revised) Audit Evidence

The IAASB are proposing a number of changes to the ISA 500 Audit Evidence standard which we are keen to get your feedback on.

The proposed standard provides a reference framework for auditors when making judgements about audit evidence throughout the audit.

Proposed changes to the current standard (ISA (NZ) 500) include:

  • Revising the definition of audit evidence;
  • Emphasising the role of professional scepticism;
  • Enhancing and clarifying the auditor’s responsibilities when using information prepared by a management’s expert;
  • Supporting the use of technology, including the auditor’s use of automated tools and techniques; and
  • Adding a “stand-back” paragraph to prompt the auditor, at the conclusion of the audit, to evaluate audit evidence obtained.

Your feedback will be used to inform our submission to the IAASB.

Exposure Draft



7-minute overview

7-minute overview

View our short video providing an overview of the consultation.

Disclaimer: This presentation is based on the exposure draft and not the final standard.


No formal written submissions were received.