The auditor may simultaneously perform an audit in accordance with the SAs and auditing standards of a specific jurisdiction or country. In such circumstances, in addition to complying with any requirements of the ISAs relevant to the audit, the auditor may need to perform additional audit procedures to comply with the relevant jurisdictional or country auditing standards.

Audit evidence as information used by the auditor in reaching conclusions on which to base the auditor’s opinion. Sufficient and Appropriate Audit Evidence (A28). Audit evidence is required to support the auditor’s opinion and report. Audit evidence is cumulative in nature and is primarily obtained from audit procedures performed during the audit. However, audit evidence also includes information obtained from other sources, such as past audits (provided the auditor has determined whether there have been changes since the previous audit that could affect the relevance of the prior period audit to the current audit) or control procedures.

The sufficiency and appropriateness of audit evidence are interrelated. Adequacy is a measure of the quantity of audit evidence. The quantity of audit evidence required is influenced by the auditor’s consideration of the risks of misstatement (the higher the assessed risk, the more audit evidence needed) and also affected by the quality of the audit evidence (the higher the quality, the less audit evidence needed). The matter of whether sufficient appropriate audit evidence has been obtained to reduce audit risk to an acceptably low level, and enable the auditor to draw reasonable conclusions on which to base the auditor’s opinion, is a matter of professional judgment.

Appropriateness is a measure of the quality of audit evidence; namely its relevance and reliability in supporting the conclusions on which the auditor’s opinion is based. The reliability of audit evidence is affected by its source and nature, and depends on the conditions of the evidence at the time it was obtained.

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