Auditing evidence

The actual audit problem in Russia at present is the mandatory application of international audit standards (ISAs). ISAs are common international basic standards and principles that all auditors are required to comply with in the course of their audit. The use of ISA is a prerequisite for Russia; it helps to improve the quality of audit services and the high professional level of auditors. This article discusses one of the international audit standards - audit evidence (МСА500). According to the authors, the collection of sufficient audit evidence is necessary in order to be able to draw sound conclusions that will serve as the basis for the audit opinion.