Heads Up - PCAOB Adopts Changes to the Auditor’s Report
Published on:
Jun 20, 2017
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On June 1, 2017, the PCAOB adopted a new auditing standard on the auditor’s report (the “standard” or “release”). This Heads Up provides an overview of the PCAOB’s new auditing standard on the auditor’s report. While retaining the current “pass/fail” opinion of the existing auditor’s report, the new standard includes several significant modifications that are intended to increase the informational value, usefulness, and relevance of the auditor’s report.
This publication was released by our US firm.
Related Topics
- New Auditor Reporting – Summary Financial Statements (Amendments to CAS 810, Engagements to Report on Summary Financial Statements) [Completed]
- New Auditor Reporting – Special Considerations (Amendments to CAS 800 and CAS 805) [Completed]
- New Auditor Reporting (Amendments to CAS 700, CAS 705, CAS 706, CAS 260 and CAS 570 and new CAS 701) [Completed]
- 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
