CAS 500: Audit Evidence
Establishes the framework for sufficient and appropriate audit evidence. Information used as audit evidence must be relevant and reliable.
Why CAS 500 matters
Every finding ultimately tests CAS 500. If the source document is unreliable, the entire procedure fails.
Framework: Canadian Auditing Standards (CAS)
CAS are the auditing standards adopted by the Auditing and Assurance Standards Board (AASB) of CPA Canada. They are Canadian adoptions of the IAASB's International Standards on Auditing (ISAs) and govern every audit of financial statements performed in Canada.
Primary source: FRAS Canada
Frequently asked
What is CAS 500?
Establishes the framework for sufficient and appropriate audit evidence. Information used as audit evidence must be relevant and reliable.
Why does CAS 500 matter for an audit?
Every finding ultimately tests CAS 500. If the source document is unreliable, the entire procedure fails.
Which framework does CAS 500 belong to?
CAS 500 falls under Canadian Auditing Standards (CAS). CAS are the auditing standards adopted by the Auditing and Assurance Standards Board (AASB) of CPA Canada. They are Canadian adoptions of the IAASB's International Standards on Auditing (ISAs) and govern every audit of financial statements performed in Canada.
Related standards — Canadian Auditing Standards (CAS)
- CAS 200 — Overall Objectives of the Independent Auditor
- CAS 210 — Agreeing the Terms of Audit Engagements
- CAS 220 — Quality Management for an Audit of Financial Statements
- CAS 230 — Audit Documentation
- CAS 240 — The Auditor's Responsibilities Relating to Fraud
- CAS 250 — Consideration of Laws and Regulations
See how Auditus checks CAS 500
Auditus.ai runs PCAOB, ISA, and CAS engagements end-to-end and cites the exact standard behind every finding — including CAS 500.