AICPA proposes changes in auditor’s report
Nov 30, 2017
In November 2017, the American Institute of CPAs’ Auditing Standards Board (AICPA) released three exposure drafts proposing ways to improve the usefulness of the auditor’s report, in response to recent standards from the Public Company Accounting Oversight Board and the International Auditing and Assurance Standards Board. Comments are request by May 15, 2018.
The three exposure drafts are:
- Proposed Statement on Auditing Standards, Omnibus Statement on Auditing Standards—2018
- Proposed Statement on Auditing Standards, The Auditor’s Responsibilities Relating to Other Information Included in Annual Reports
- Proposed Statements on Auditing Standards, Auditor Reporting and Proposed Amendments―Addressing Disclosures in the Audit of Financial Statements
Review the Exposure Drafts on the AICPA's website.
Related Topics
- CAS 700, Forming an Opinion and Reporting on Financial Statements
- CAS 701, Communicating Key Audit Matters in the Independent Auditor's Report
- CAS 705, Modifications to the Opinion in the Independent Auditor's Report
- CAS 706, Emphasis of Matter Paragraphs and Other Matter Paragraphs in the Independent Auditor's Report