IAASB’s New Auditor Reporting Standards PIR: Stakeholder Survey

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Jul 27, 2020

On July 27, 2020, the In­ter­na­tional Au­dit­ing and As­sur­ance Stan­dards Board (IAASB) invited interested stakeholders to complete an online survey sharing their experience with, and providing feedback relating to, the Auditor Reporting Standards that were issued in 2015. The Survey also asks for input on your experiences with ISA 720 (Revised), The Auditor’s Responsibilities relating to Other Information. Stakeholders are invited to complete the Survey until October 23, 2020.

The Auditor Reporting Standards are aimed at enhancing the communicative value and relevance of the auditor’s report. The standards were effective for audits of financial statements for periods ending on or after December 15, 2016.

Stakeholders’ feedback will be an important source of input for the IAASB in carrying out the information gathering activities related to the Auditor Reporting Post-Implementation Review (PIR), which will assist the Board to determine what possible further actions, if any, may need to be undertaken.

Re­view the press release (which includes a link to the Stakeholder Survey) on the IAASB’s web­site.

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