Transformation of Auditor's Report Structure, Content and Scope in International Standards on Auditing
AbstractChanges in auditor's report structure, content and scope in accordance with the International Standards on Auditing both retrospectively and prospectively have been covered. The history of the International Standards on Auditing (Guidelines) regarding the auditor's report has been presented. Based on the document proposed by the International Auditing and Assurance Standards Board for discussion, there have been set out the directions of possible changes to the standards being currently talked over. It has been suggested that in the near future the auditor's report is expected to undergo major transformation: the transformation from the standardized one page 'passed / failed' report to a comprehensive up to four pages' version. Comparative analysis has been carried out of the auditor's report structure in accordance with the expected ISA 701 and current ISA 700, 705 and 706 publications in 2010. The content of the auditor's report principle paragraphs in the expected ISA 701 have been given. The newly introduced concept of auditor's commentaries has been observed, these commentaries having their aim to ensure the uniqueness of each individual auditor's report. It will result in greater adaptability of auditor's reports to a specific client and specific audit objectives
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoArticle provided by Institute of Accounting and Finance in its journal Accounting and Finance.
Volume (Year): (2013)
Issue (Month): 1 (March)
auditor's report; International Standards on Auditing; International Auditing Guidelines; the International Auditing and Assurance Standards Board; auditor's commentaries;
Find related papers by JEL classification:
- M42 - Business Administration and Business Economics; Marketing; Accounting - - Accounting - - - Auditing
You can help add them by filling out this form.
reading list or among the top items on IDEAS.Access and download statisticsgeneral information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Serhiy Ostapchuk).
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.