In the current challenging economic and professional environment, keeping up to date with technical changes for external auditors is imperative. Presentation and classification are two important virtues that are present in each and every accounting standard, that is why auditors need to ensure that these are properly reflected in the financial statements.
The objective of this presentation is to provide an overview of the recent revisions in the International Standards in Auditing, relevant to the external auditor’s report in the areas of ISA 700 (Revised); Forming an Opinion and Reporting on Financial Statements; ISA 701 Communicating Key; Audit Matters in the Independent Auditor’s Report; ISA 705 (Revised); Modifications to the Opinion in the Independent Auditor’s Report; ISA 706 (Revised); Emphasis of Matter Paragraphs and Other Matters.
The audit report represents the end of year results. It is used to provide information to management on the areas which were reviewed by auditors and, more importantly, the report brings issues to the attention of management that needs to be addressed. How well the auditor communicates that information is critical to getting the desired results.Download Event Brochure