IAASB releases draft on new standards for audit reporting

07/28/2013 | AccountingWEB

The International Auditing and Assurance Standards Board has released an exposure draft, Reporting on Audited Financial Statements: Proposed New and Revised International Standards on Auditing, which focuses on how auditors communicate to end users of the report issues that are important and most relevant to them. The draft includes requirements for auditors to include specific statements about going concern, about his or her independence from the audited entity and to report the name of the engagement partner. Comments on the draft are due by Nov. 22.

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