PCAOB Issues Guidance on Evaluating Relevance and Reliability of Audit Evidence Obtained From External Sources

The PCAOB has issued Staff Guidance — Insights for Auditors, Evaluating Relevance and Reliability of Audit Evidence Obtained From External Sources. The staff guidance discusses the increasing use of information from external sources that auditors plan to use as audit evidence, evaluating the relevance and reliability of information from external sources, and additional activities of the staff.