What is audit evidence these days? See the new audit standard

Business continually evolves, as it should. Things change over time, and at some point, you need to step back and reexamine what that all means. Does what you are doing — and how you are doing it — make the most sense now? Such introspection led to a modernization of the AICPA’s standard on audit evidence.

Through a comprehensive, multiyear effort, the AICPA’s Auditing Standards Board (ASB) explored enhancing the relevance of the audit evidence standard, which was last updated