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We comment on two IAASB proposals

  • International Auditing (lt green) Image

20 Dec 2007

Deloitte has recently submitted letters of comment to the International Auditing and Assurance Standards Board (IAASB) on two proposed International Standards on Auditing:

  • ISA 530 (Redrafted) Audit Sampling (PDF 45k). We express serious concerns about the redrafted ISA 530 regarding (1) the exclusion of certain 'anomalies' when projecting misstatements in samples to the population as a whole and (2) the required approach to evaluating sample results. We note that while these comments go beyond clarity matters, we believe that they relate to current practice problems and that their significance warrants the IAASB's consideration at this time.
You will find our past comments to the IAASB Here.


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