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Transformation of Auditor's Report Structure, Content and Scope in International Standards on Auditing


  • Oleh Pasko

    () (Sumy National Agrarian University)


Changes 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

Suggested Citation

  • Oleh Pasko, 2013. "Transformation of Auditor's Report Structure, Content and Scope in International Standards on Auditing," Accounting and Finance, Institute of Accounting and Finance, issue 1, pages 80-91, March.
  • Handle: RePEc:iaf:journl:y:2013:i:1:p:80-91

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    More about this item


    auditor's report; International Standards on Auditing; International Auditing Guidelines; the International Auditing and Assurance Standards Board; auditor's commentaries;

    JEL classification:

    • M42 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Auditing


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