AASB approves narrow-scope amendments to CAS 700 and CAS 260
Nov 01, 2023
On November 1, 2023, the Public Interest Oversight Board (PIOB) certified the International Auditing and Assurance Standards Board’s (IAASB) due process for ISA 700 (Revised) and ISA 260 (Revised) and the IAASB has released the final standards
At the September 12-13, 2023, board meeting the AASB approved narrow-scope amendments to CAS 700, Forming an Opinion and Reporting on Financial Statements, and CAS 260, Communication with Those Charged with Governance, subject to the PIOB’s due process certification.
The narrow-scope amendments to CAS 700 and CAS 260 will become effective for audits of financial statements for periods beginning on or after December 15, 2024. The narrow-scope amendments were issued in the Handbook in November 2023.
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