What Is Ipe in Audit

Information provided by the entity (IPE) is any information that is produced by the company and provided as audit evidence, whether it be for your controls testing or substantive procedures performed by external audit.

What is considered IPE?

“Information produced by the entity” (IPE) is any information that is produced internally by a company being audited and provided as audit evidence, whether for use in the execution of internal controls or for substantive audit procedures performed by an external auditor.

Is bank statement an IPE?

IPE used in the performance of controls is, by definition, internal information. Therefore, external information used as audit evidence (e.g., bank statements, industry pricing data and other sources of information used in the performance of controls) is not subject to the requirements of paragraph 9 of CAS 500.