FRC publishes revisions to proposed International Standard on Auditing (UK) 505
02 Jun, 2023
The Financial Reporting Council (FRC) has published revisions to proposed International Standard on Auditing (UK) 505 - External Confirmations.
The revisions reflect recent enforcement findings as well as ensuring that the standard reflects modern approaches to obtaining confirmations, with additional material on the use of digital platforms, enhanced requirements in relation to investigating exceptions and a prohibition on negative confirmations.
Comments on the proposed revisions are requested by 1 September 2023.
Please click below from the FRC website for:
