ISA 501 Audit Evidence – Additional Considerations for Specific Items

ISA 501 Audit Evidence – Additional Considerations for Specific Items is one of the International Standards on Auditing. It sets out guidance additional to the ones in ISA 500 Audit Evidence to help auditor to obtain audit evidence with respect to the below certain specific financial statement account balances and discloures:

1. Physical inventory counting
2. Litigation and claims
3. Long-term investments
4. Segment information