SA 500 — Audit Evidence
SA 500 Audit Evidence explained for CA Inter: sufficiency, appropriateness, reliability hierarchy & 7 audit procedures — exam-focused, plain
Paper 5 — Auditing & Ethics · Chapter
Audit Evidence (SA 500 series)
ICAI Standards on Auditing covering audit evidence, specific items, external confirmations, sampling, estimates, going concern and written representations. Highest-weight chapter — expect 14–16 marks.
23 microlessons in this chapter
Read each in 5 minutes. Each has worked examples + the bare-Act text for reference.
All lessons
1
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2
SA 501 — Audit Evidence (Specific Items)
SA 501 audit evidence explained for CA Inter: inventory count attendance, litigation confirmation, and segment info — exam-focused, plain En
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3
SA 505 — External Confirmations
SA 505 External Confirmations explained for CA Inter: types, non-responses, management refusal & exam tips — score full marks on audit evide
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4
SA 510 — Initial Audit Engagements — Opening Balances
SA 510 Initial Audit Engagements explained for CA Inter: opening balances, audit procedures, predecessor auditor rules & when to modify your
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5
SA 520 — Analytical Procedures
SA 520 Analytical Procedures explained for CA Inter: mandatory stages, types, substantive use, and how to investigate unusual fluctuations —
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6
SA 530 — Audit Sampling
SA 530 Audit Sampling explained for CA Inter May 2026 — sampling risk, projection of errors, anomalies, and statistical vs non-statistical s
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7
SA 540 — Auditing Accounting Estimates
SA 540 explained for CA Inter: how auditors verify accounting estimates like provisions & fair value, the 3 audit approaches, and management
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8
SA 550 — Related Parties
SA 550 Related Parties for CA Inter: auditor duties to identify, assess & disclose related party transactions — exam-focused explanation wit
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9
SA 560 — Subsequent Events
SA 560 Subsequent Events explained for CA Inter: auditor duties, adjusting vs non-adjusting events, and what to do when management refuses —
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10
SA 570 — Going Concern
SA 570 Going Concern for CA Inter: learn auditor duties, warning indicators, and exactly when to issue EOM, Qualified, or Adverse opinions.
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11
SA 580 — Written Representations
SA 580 Written Representations explained for CA Inter: what management must confirm, when the letter is dated, and what happens if they refu
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12
Attendance at Physical Inventory Count (SA 501)
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13
Audit Trail
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14
Communication with External Legal Counsel (SA 501)
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15
Evaluating Audit Evidence — Sufficiency, Appropriateness, and Inconsistencies (SA 500 / SA 230)
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16
External Confirmations — Positive vs Negative (SA 505)
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17
Intangible Assets Classification and Audit Procedures (AS 26)
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18
Methods / Procedures for Obtaining Audit Evidence (SA 500)
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19
Reliability of Audit Evidence — Generalisations (SA 500)
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20
Reliance on Internal Auditor's Work – External Auditor's Sole Responsibility
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21
SA 530 Audit Sampling — Basics and Selection Methods
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22
Using Work of Management's Expert (SA 500)
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23
Using the Work of Management's Expert (SA 500)
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