Three proposed International Standards on Auditing

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02 May 2007

The International Auditing and Assurance Standards Board (IAASB) has published exposure drafts of three proposed International Standards on Auditing (ISAs) for public comment.

One (ISA 200) is a revision of the existing standard. The other two are redrafts in accordance with the IAASB's new drafting conventions designed to enhance the clarity of its pronouncements:
  • ISA 200 (Revised and Redrafted) Overall Objective of the Independent Auditor, and the Conduct of an Audit in Accordance with International Standards on Auditing. Comments are due by 15 September 2007
  • ISA 500 (Redrafted) Considering the Relevance and Reliability of Audit Evidence. Comments are due by 15 September 2007
  • ISA 250 (Redrafted) The Auditor's Responsibilities Relating to Laws and Regulations in an Audit of Financial Statements. Comments are due by 31 July 2007.
The proposals may be downloaded from The IFAC Website until the close of the comment period. Click for Press Release (PDF 88k).

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