Addressing Disclosures in the Audit of Financial Statements

Jul 15, 2015 | Basis for Conclusions, Guidance & Support Tools, Handbooks, Standards, and Pronouncements
58 Pages
ISBN 978-1-60815-243-8

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Addressing Disclosures in the Audit of Financial Statements–Revised ISAs and Related Conforming Amendments aims at focusing auditors on disclosures throughout the financial statement audit.

The changes include strengthened requirements in ISA 315 (Revised), Identifying and Assessing the Risks of Material Misstatement through Understanding the Entity and Its Environment, ISA 330, The Auditor’s Responses to Assessed Risks, and ISA 700 (Revised), Forming an Opinion and Reporting on Financial Statements, as well as enhanced application material in these and several other ISAs to more explicitly address disclosures.

Final Pronouncement


Basis for Conclusions


Staff Publication



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