Section 7060, Auditor Review of Interim Financial Statements - AASB
Date recorded:
At its meeting on June 9-10, 2014, the AASB approved its new Section 7060, which is to replace the existing Section 7050 of the same name. The AASB concluded that the changes made in finalizing the standard, while significantly different from the proposals in its Exposure Draft, would not result in a change in work effort. Therefore, re-exposure of the changes was not necessary.
Review the executive summary on the AASB's Web site.