Document ID: chunk:federal_register_of_legislation:F2022C01189:reg:7:p1
Version: federal_register_of_legislation:F2022C01189
Segment Type: reg
Provision Reference: reg 7 (pt 1/21)
Character Range: 8062–13295

7                                                                                    Amended       ASA 2018-1 [28]
Heading inserted following the heading "Application and Other Explanatory Material"  Addition      ASA 2018-1 [29]
A1                                                                                   Addition      ASA 2018-1 [30]
A2                                                                                   Addition      ASA 2018-1 [31]
A3                                                                                   Addition      ASA 2018-1 [32]
A4                                                                                   Addition      ASA 2018-1 [33]
A4                                                                                   Addition      ASA 2018-1 [33]
Footnote 8
A5                                                                                   Amended       ASA 2018-1 [35]
A13                                                                                  Amended       ASA 2018-1 [36]
A35                                                                                  Amended       ASA 2018-1 [37]
Heading inserted following A38                                                       Addition      ASA 2018-1 [38]
A39                                                                                  Addition      ASA 2018-1 [39]
A39                                                                                  Addition      ASA 2018-1 [39]
Footnote 19
A40                                                                                  Addition      ASA 2018-1 [40]
A41                                                                                  Addition      ASA 2018-1 [41]
A42                                                                                  Addition      ASA 2018-1 [42]
A42                                                                                  Addition      ASA 2018-1 [42]
Footnotes 20 and 21
A43                                                                                  Addition      ASA 2018-1 [43]
A44                                                                                  Addition      ASA 2018-1 [44]
A44                                                                                  Addition      ASA 2018-1 [44]
Footnote 22
A46                                                                                  Amended       ASA 2018-1 [47]
A55                                                                                  Amended       ASA 2018-1 [48]
Footnote 23
A59                                                                                  Amended       ASA 2018-1 [49]
A5                                                                                   Amended       ASA 2020-1 [126]
A5                                                                                   Amended       ASA 2020-1 [127]
Footnote 9
A21                                                                                  Amended       ASA 2020-1 [128]
A5                                                                                   Amended       ASA 2021-1 [87]
A30                                                                                  Amended       ASA 2021-1 [88]

AUTHORITY STATEMENT

 Auditing Standard ASA 500 Audit Evidence (as amended to 10 March 2021) is set out in paragraphs Aus 0.1 to A68.

 This Auditing Standard is to be read in conjunction with ASA 101 Preamble to AUASB Standards, which sets out how AUASB Standards are to be understood, interpreted and applied.  This Auditing Standard is to be read also in conjunction with ASA 200 Overall Objectives of the Independent Auditor and the Conduct of an Audit in Accordance with Australian Auditing Standards.

Conformity with International Standards on Auditing

This Auditing Standard conforms with International Standard on Auditing ISA 500 Audit Evidence issued by the International Auditing and Assurance Standards Board (IAASB), an independent standard‑setting board of the International Federation of Accountants (IFAC).

Paragraphs that have been added to this Auditing Standard (and do not appear in the text of the equivalent ISA) are identified with the prefix "Aus".

The equivalent requirements and related application and other explanatory material included in ISA 500 in respect of "relevant ethical requirements", have been included in Auditing Standard, ASA 102 Compliance with Ethical Requirements when Performing Audits, Reviews and Other Assurance Engagements.  There is no international equivalent to ASA 102.

Compliance with this Auditing Standard enables compliance with ISA 500.

Auditing Standard ASA 500

The Auditing and Assurance Standards Board (AUASB) made Auditing Standard ASA 500 Audit Evidence pursuant to section 227B of the Australian Securities and Investments Commission Act 2001 and section 336 of the Corporations Act 2001, on 27 October 2009.

This compiled version of ASA 500 incorporates subsequent amendments contained in other Auditing Standards made by the AUASB up to and including 10 March 2021 (see Compilation Details).

Auditing Standard ASA 500

Audit Evidence