Audit Evidence News Today

A strong handover from Wall Street and Asia markets has left the FTSE 100 index 0.5% higher, up 38.97 points at 7659. The FTSE 250 index added 23.21 points to 17,899.45, a rise of 0.1% during a busy session of mid-cap updates. The biggest downward move came from National Express company Mobico, which reversed 21% or 18p to 67p on the suspension of dividend payments as its profit recovery has taken longer than expected.

The platform, expected to start in three months, will ease the difficulties faced in auditing the accounts of companies.

The International Auditing and Assurance Standards Board is looking for feedback on updating one of its fundamental standards.

The Public Company Accounting Oversight Board staff issued guidance on some of the considerations auditors should have about the relevance and reliability of information they get from external sources and plan to use as audit evidence.