Source: OJ L, 2024/436, 2.2.2024 · Consolidated text

Article 11 Quality of audit evidence

Summary What does Article 11 of the Performance of independent audits say?

This brief but foundational article sets the quality standard that audit evidence must meet before the auditing organisation can issue audit conclusions and opinions.

It acts as a gatekeeper, directly linking back to the audit risk framework established in Article 9 and the conclusions and opinions framework in Article 8, ensuring that those outputs are only as valid as the evidence underpinning them.

In essence, it establishes two non-negotiable criteria that all audit evidence must satisfy.

Important points:

Audit evidence must be relevant and sufficient to reduce identified audit risks and support the conclusions and opinions required under this regulation.
Audit evidence must be reliable, as assessed through the auditing organisation's professional judgment and scepticism.
Both requirements must be fulfilled simultaneously — meeting only one is not enough to support a valid audit conclusion or opinion.

Springlex's summary of the article is a reading aid, not a substitute for the legal text.

The audit conclusions and audit opinions shall be based on audit evidence which fulfils both of the following requirements:

it is relevant and sufficient to reduce audit risks identified in accordance with Article 9, and to enable the auditing organisation to provide audit conclusions and opinions in accordance with Article 8;
it is reliable, according to the auditing organisation’s professional judgment and scepticism.

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