Six exposure drafts from IAASB
Dec 26, 2006
The International Auditing and Assurance Standards Board (IAASB) approved a proposed revised International Standard on Auditing (ISA) 580 (Revised and Redrafted) Written Representations, as well as five exposure drafts of revised standards written in accordance with the IAASB's new clarity drafting conventions.
- ISA 230 (Redrafted), Audit Documentation;
- ISA 540 (Revised and Redrafted), Auditing Accounting Estimates, Including Fair Value Accounting Estimates, and Related Disclosures;
- ISA 560 (Redrafted), Subsequent Events;
- ISA 610 (Redrafted), The Auditor's Consideration of the Internal Audit Function; and
- ISA 720 (Redrafted), Reading Other Information in Documents Containing Audited Financial Statements.