The body that sets global auditing standards launched a consultation Monday on updating the rules for gathering audit evidence, with a demand for auditors to exercise more professional skepticism.
The International Auditing and Assurance Standards Board asked for feedback on proposed guidance for what it called “one of its fundamental standards.”
- “The audit and the environment in which an auditor conducts the audit and assess audit evidence has evolved significantly in recent years,” IAASB Chair Tom Seidenstein said in a statement.
- The proposed changes are designed to clarify the existing guidance for gathering audit evidence and provide a framework ...