Audit Evidence – Specific Considerations for Selected Items
International Standard on Auditing (Ireland) 501 deals with specific
considerations by the auditor in obtaining sufficient appropriate audit evidence in
accordance with ISA (Ireland) 330, ISA (Ireland) 500 and other relevant ISAs
(Ireland), with respect to certain aspects of inventory, litigation and claims involving
the entity, and segment information in an audit of financial statements.
Effective Date
ISA (Ireland) 501 is effective for the audits of financial statements for periods
commencing on or after 17 June 2016, for which opinions are issued on or after 1
February 2017.
Current Standards
ISA (Ireland) 501 (Updated October 2022)