Practitioner’s pulse (December 2022): Proposed changes to the Audit Evidence standard Registration

Start Date:12/9/2022

Start Time:12:30 PM EST

Duration:60 minutes

Abstract:

With the evolution in the variety of information available to auditors and the greater use of technology, CAS 500, Audit Evidence is being revised. Changes in the source of information and how the information is processed, communicated and used requires the auditor to apply appropriate audit procedures before accepting the information as audit evidence. The revisions to this standard aim to modernize how the standard deals with the variety of information available to an auditor, and the various sources of such information. The revisions also recognize the use of technology – both in the context of an entity’s use of technology in preparing the financial statements and in generating other underlying information – and the auditor’s use of technology in performing audit procedures. During this webinar, you will learn about the proposed changes to:

the definition of audit evidence;
using information from various sources;
evaluating the relevance and reliability of information intended to be used as audit evidence;
concluding whether sufficient appropriate audit evidence has been obtained; and
dealing with inconsistencies in audit evidence.

For more information about these proposed changes, follow developments on the following project pages:

Canadian Auditing and Assurance Standards Board (AASB)
International Auditing and Assurance Standards Board (IAASB)

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Speakers

Nicole Deschamps, CPA, CA

Senior Manager, Audit and Assurance

Deloitte LLP

Nicole is director, Audit and Assurance at Deloitte Canada. She has been in public accounting for more than 20 years and has served a wide variety of clients, both public and private, in the United States and Canada. Most of those clients operate in the manufacturing industry. Leveraging that experience, Nicole has lead Deloitte Canada’s Audit Innovation and Analytics team, responsible for the development of innovations and analytics to be used by audit practitioners in the performance of audits.

Trevor McCormick

Andrea Lee, CPA, CA

Principal

CPA Canada

Andrea is a principal with the research, guidance and support group at CPA Canada. Andrea is responsible for conducting research, developing thought leadership, and delivering timely and relevant resources on current and emerging issues, including audit quality, audit and assurance standards, and assurance implications of emerging forms of external reporting.

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