The new and revised Auditor Reporting standards are responsive to calls from investors and other users of audited financial statements for more informative and relevant auditor’s reports based on the audit that was performed. This new and revised Auditor Reporting standards include new ISA 701, Communicating Key Audit Matters in the Independent Auditor’s Report, and a number of revised ISAs, including ISA 700 (Revised), Forming an Opinion and Reporting on Financial Statements, and ISA 570 (Revised), Going Concern. Example reports illustrating various circumstances are included in the new and revised Auditor Reporting standards. The new and revised Auditor Reporting standards will be effective for audits of financial statements for periods ending on or after December 15, 2016.
0 0 bbpadmin bbpadmin2015-01-26 16:47:272015-01-26 16:47:27IAASB New and Revised Auditor Reporting Standards and Related Conforming Amendments