Share on LinkedInShare on LinkedIn

ARTICLE · 18 JULY 2017

Changes In International Standards On Auditing (ISAs)

Crowe
Explore more from Crowe

Though the changes may result to a lengthier audit report; these shall further enhance the quality of reporting and provide the user a detailed undestanding of the key risk areas.

United Arab EmiratesAccounting and Audit
Suresh Natarajan
Suresh Natarajan

Numerous changes in International ISA's effective for the audits for the periods ending on or after 15 December 2016 have been issued, which includes:

  • Changes in independent auditor's report format and contents.
  • Key Audit Matters (KAMs') to be included in independent audit reports.
  • Changes regarding qualifications, adverse opinion , disclaimer of opinion, other matters and emphasis of matter paragraphs

Independent Auditor's Report

Audit report had undergone major changes in the format and contents:

  • Auditor's opinion shall be the initiate paragraph
  • Enhanced description of auditor responsibilities and key features of the audit
  • Responsibilities of those charged with governance are more robust

We operate a free-to-view policy, asking only that you register in order to read all of our content. Please login or register to view the rest of this article.

Register for freeORLog in

Related Articles

Legal Intelligence Newsletters: sign up for the latest legal and regulatory news on your chosen topics

Read more about

Related Comparative Guides

See more popular content from