PCAOB releases guidance on audit evidence standard

The Public Company Accounting Oversight Board released new staff guidance to help auditors implement requirements of AS 1105, Audit Evidence. 

The amended paragraph .10A of AS 1105 addresses auditor responsibility for evaluating the reliability of external information provided by the company in electronic form. The staff guidance posted today provides examples to help audit firms implement the paragraph. The examples should be read in conjunction with the new requirements and the PCAOB policy statement, according to the Board.

This is the latest in a series of materials the PCAOB has released to help auditors implement new standards and rules. These resources, which include workshops, videos and online knowledge checks, are available on the Implementation Resources for PCAOB Standards and Rules page.