Document Type
Article
Publication Date
2-2024
Publication Source
Journal of International Financial Management & Accounting
Abstract
In October 2022, the International Auditing and Assurance Standards Board (IAASB) issued Exposure Draft 500 (ED-500). This is focused on revising and integrating the standard auditors use when evaluating audit evidence during an external audit. This study contributes to the ongoing discourse as the IAASB evaluates feedback to ED-500 and executes its standard-setting agenda. We review academic literature published in the past 10 years to synthesize extant knowledge specifically on the use of technology and the application of professional skepticism during audit evidence evaluation. Our review offers factors the IAASB should consider when seeking to modernize and future-proof its standards, suggesting improvements to the proposed ED-500. We also identify fruitful avenues for future academic research
Inclusive pages
36-67
ISBN/ISSN
0954-1314
Document Version
Published Version
Publisher
Wiley
Volume
35
Issue
1
Peer Reviewed
yes
eCommons Citation
Barr‐Pulliam, Dereck; Calvin, Christopher G.; Eulerich, Marc; and Maghakyan, Arpine, "Audit Evidence, Technology, and Judgement: A Review of the Literature in Response To ED‐500" (2024). Accounting Faculty Publications. 101.
https://ecommons.udayton.edu/acc_fac_pub/101
Included in
Accounting Commons, Business Administration, Management, and Operations Commons, Business Law, Public Responsibility, and Ethics Commons, Corporate Finance Commons, Nonprofit Administration and Management Commons
Comments
This open-access article is provided for download in compliance with the publisher’s policy on self-archiving. To view the version of record, use the DOI: https://doi.org/10.1111/jifm.12192