PCAOB Issues Staff Guidance on Evaluating Relevance and Reliability of Audit Evidence Obtained from External Sources

The Public Company Accounting Oversight Board (PCAOB) today released staff guidance(PDF) on considerations regarding the relevance and reliability of information from external sources that the auditor plans to use as audit evidence. The guidance also addresses the relationship between the quality and quantity of audit evidence.

Learn more about the PCAOB’s Audit Evidence project and other Research and Standard-Setting Projects at our website.

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About the PCAOB

The PCAOB is a nonprofit corporation established by Congress to oversee the audits of public companies in order to protect investors and further the public interest in the preparation of informative, accurate, and independent audit reports. The PCAOB also oversees the audits of brokers and dealers registered with the Securities and Exchange Commission, including compliance reports filed pursuant to federal securities laws.