Proposed guidance on auditing financial statement disclosures

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May 16, 2014

On May 16, 2014, the International Auditing and Assurance Standards Board (IAASB) released an exposure draft of proposed changes to various International Standards on Auditing to better deal with disclosures in financial statement audits.

The exposure draft seeks to achieve an appropriate focus by auditors on disclosures and encourage earlier auditor attention on them during the audit process, including disclosures where the information is not derived from the accounting system.

Review the exposure draft on the IAASB's Web site.

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