8/10/2019 IAASB exposure draft proposes significant changes to audit reports.docx

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8/10/2019 IAASB exposure draft proposes significant changes to audit reports.docx

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that it would require the auditor to take responsibility for determining what is important a user's un-

derstanding of the financial statements) , and the possible inclusion of 'original information' in the

audit report (which may blur the roles of management, those charged with governance and the

auditor). The revised proposals for the 'key audit matters' section responds to these concerns by

linking it with the dialogue with those charged with governance.

The exposure draft is open for comment until 22 November 2013. Click forIAASB press release(link

to IFAC website).

http://www.iasplus.com/en/news/2013/07/iaasb-ed

http://www.ifac.org/news-events/2013-07/iaasb-proposes-standards-fundamentally-transform-auditors-report-focuses-communihttp://www.ifac.org/news-events/2013-07/iaasb-proposes-standards-fundamentally-transform-auditors-report-focuses-communihttp://www.ifac.org/news-events/2013-07/iaasb-proposes-standards-fundamentally-transform-auditors-report-focuses-communihttp://www.ifac.org/news-events/2013-07/iaasb-proposes-standards-fundamentally-transform-auditors-report-focuses-communi