IAASB ISSUES EXPOSURE DRAFTS
The International Accounting and Auditing Standard Board (IAASB) has issued exposure draft to enhance clarity of the standard and redrafted the following proposed standards :
ISA 320, ISA 450 and ISA 260. The concept of materiality, the evaluation of misstatements identified during the audit, and high quality and relevant discussions between those charged with governance and the auditor are fundamental to an audit. The proposed redrafted standards contain clear requirements and easy to understand application guidance in these very important areas.
ISA 320, ISA 450 and ISA 260. The concept of materiality, the evaluation of misstatements identified during the audit, and high quality and relevant discussions between those charged with governance and the auditor are fundamental to an audit. The proposed redrafted standards contain clear requirements and easy to understand application guidance in these very important areas.
0 comments:
Post a Comment