The PCAOB released new guidance featuring illustrative examples to help audit firms implement AS 1105, Audit Evidence.
The guidance applies to the requirements in paragraph .10A of Audit Evidence, which will take effect for fiscal years beginning on or after Dec. 15, 2025.
Paragraph .10A, “Evaluating the Reliability of External Information Provided by the Company in Electronic Form,” requires auditors to evaluate the reliability of company-provided external electronic information through certain procedures.
According to the PCAOB, the guiding examples should be read in conjunction with the new requirements and a PCAOB policy statement issued in mid-September. Read more.