Skip to Content | Contact Us | About AUASB | Links
The AUASB invites comments on the IAASB Exposure Draft – Proposed International Standards on Auditing ISA 800 Special Considerations-Audits of Financial Statements Prepared in Accordance with Special Purpose Frameworks and ISA 805 Special Considerations-Audits of Single Financial Statements and Specific Elements, Accounts or Items of a Financial Statement. The IAASB proposal seeks to make amendments to auditing standards dealing with the auditor’s special considerations when dealing with the audit of special purpose financial statements. These conforming amendments, which are limited to the reporting aspects of these engagements, arise from changes recently issued by the IAASB in respect of the new and revised auditor reporting standards. The amendments are intended to assist auditors apply the new and revised auditor reporting standards to these types of engagements by providing new guidance material; updating for consistency the circumstances, layout and content of the included illustrative auditor’s reports; and by incorporating necessary changes arising from revisions proposed to ISA 720 The Auditor's Responsibilities Relating to Other Information. AUASB requests all comments addressed to it on the IAASB’s ED by no later than 3 April 2015, in order to consider them in formulating its submission to the IAASB. The IAASB comment period closes on 22 April 2015. The AUASB is also interested in hearing from stakeholders as to whether there are any compelling reasons for the proposed changes to standards to be modified for application in Australia, should the IAASB finalise the ED as it is.
Please forward any comments to email@example.com. IAASB Media Release
Enter keywords to search website