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IAASB issues publications on financial statement audits and assurance

  • IAASB (International Auditing and Assurance Standards Board) (lt gray) Image

Jul 20, 2015

The International Auditing and Assurance Standards Board (IAASB) has released a (1) final pronouncement that revises a number of its International Standards on Auditing (ISAs) to address disclosures in financial statement audits and (2) a publication on assurance on integrated reporting.

The purpose of the final pronouncement is to help auditors focus on dis­clo­sures throughout the audit process and apply the re­quire­ments of the ISAs more consistently. The IAASB staff has also developed a companion document that describes financial reporting dis­clo­sure trends and their possible im­pli­ca­tions from an audit per­spec­tive and high­lights how the revised ISAs help auditors address dis­clo­sures. For more information, see the IAASB press release, final pronouncement, companion document, basis for conclusions and an at-a-glance document on the IAASB’s Web site.

The other pub­li­ca­tion, which was developed by the IAASB’s In­te­grated Reporting Working Group, informs stake­hold­ers about the IAASB’s continuing efforts to explore assurance on integrated reporting. The pub­li­ca­tion’s release coincides with the issuance of the International In­te­grated Reporting Council’s Overview of Feedback and Call for Action published last week. For more information, see the press release and the publication on the IAASB’s Web site.

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