Are UK Audit reports going to change again? This article considers the possibilities given the International Auditing and Assurance Standards Board (IAASB) recent issue of a revised version of its ISA 700 Forming an Opinion and Reporting on Financial Statements, a new ISA 701 Communicating Key Audit Matters in the Independent Auditor’s Report and revisions to other auditor reporting standards for December 2016 year-ends.
All Change Please
As the global business environment and its financial reporting requirements have become more complex, users of audited financial statements have been calling for more pertinent information for their decision-making – and regulators, standard-setters and auditors have responded. This article sets out recent developments in auditor reporting.
Q&As by practitioners on how to address going concern issues.
This article sets out essential steps to address audit completion appropriately.
Interact: It’s Good to talk
This article covers the need to identify who is charged with governance, ensure appropriate communication takes place and demonstrate this on the audit file are vital to ensure the success of smaller entity audits.
Predicting the future This article sets out auditors’ responsibilities as regards going concern and how audit files could benefit from better consideration and documentation of going concern.