ISA (NZ) 501

Audit Evidence – Specific Considerations for Selected Items

This Standard deals with specific considerations by the auditor in obtaining sufficient appropriate audit evidence in accordance with ISA (NZ) 330,1 ISA (NZ) 5002 and other relevant ISAs (NZ), with respect to certain aspects of inventory, litigation and claims involving the entity, and segment information in an audit of financial statements.


Effective for audits of financial statements for periods as indicated. Also applies to subsequent annual reporting periods until that standard is superseded by a new/amended/revised standard. 

  • ISA (NZ) 501 – Periods ending on or after
    31 Dec 2014

    Date of issue: Jul 2011

    Date compiled to: 30 Sep 2013


    Additional material: Mark up of compiled ISA (NZ) 501
  • ISA (NZ) 501 – Periods beginning on or after
    1 Sep 2011

    Date of issue: Jul 2011

    Date compiled to: 1 Jul 2011


    Additional material: Comparison to ISA 501