Improving the Auditor’s Report
IAASB Invitation to Comment
IAASB
Jun 21, 2012 | Exposure Drafts and Consultation Papers
46 Pages
English
Comments due by: Oct 08, 2012
This Invitation to Comment (ITC) sets out the IAASB’s indicative direction proposed for the future auditor’s report. It features a revised auditor’s report that illustrates the application of the IAASB’s suggested improvements to auditor reporting. The ITC also provides the IAASB’s rationale for the suggested improvements, together with a discussion of their potential value and impediments, and in what areas feedback is sought. The At a Glance publication provides an overview of the ITC.
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Submitted Comment Letters
1. Bob Mendick (United States)
August 2, 2012
2. Westworth Kemp Consultants (Australia)
August 20, 2012
3. Mansour Shams Ahmadi (Iran (Islamic Republic of))
August 23, 2012
4. John Kelly (United States)
August 30, 2012
5. Canadian Securities Administrators Chief Accountants Committee (Canada)
August 31, 2012
6. U.S. Chamber of Commerce Center of Capital Markets (United States)
September 5, 2012
7. California Society of Certified Public Accountants (United States)
September 11, 2012
8. Malaysian Institute of Certified Public Accountants (Malaysia)
September 11, 2012
9. British Petroleum (United Kingdom)
September 13, 2012
10. CGA-Canada (Canada)
September 17, 2012
11. Jeff Mahoney (United States)
September 20, 2012
12. Pricewaterhouse Coopers International Limited (Pakistan)
September 21, 2012
13. Inernational Corporate Governance Network (United Kingdom)
September 24, 2012
14. Auditor General New Zealand (New Zealand)
September 26, 2012
15. International Association of Insurance Supervisors (Switzerland)
September 28, 2012
16. New York State Society of Certified Public Accountants (United States)
October 2, 2012
17. Richard Overweg (Netherlands)
October 3, 2012
18. Robyn Moroney- Monash University (Australia)
October 3, 2012
19. Standard Life Investments (United Kingdom)
October 3, 2012
20. American Accounting Association- Auditing Standards Committtee of the Auditing Section (United States)
October 4, 2012
21. Botswana Institute of Chartered Accountants (Botswana)
October 4, 2012
22. Crowe Horwath Australia & New Zealand (Australia)
October 4, 2012
23. HKFRC- Financial Reporting Council (Hong Kong (Special Administrative Region of China))
October 4, 2012
24. SRA (Netherlands Network) (Netherlands)
October 4, 2012
25. Sovann Giang (Singapore)
October 4, 2012
26. TREUHAND-KAMMER Swiss Institute of Certified Accountants (Switzerland)
October 4, 2012
27. The Canadian Institute of Chartered Accountants (Canada)
October 4, 2012
28. The Securities Analysts Association of Japan (Japan)
October 4, 2012
29. Auditor General of Canada (Canada)
October 5, 2012
30. Canadian Natural Resources Limited (Canada)
October 5, 2012
31. Chris Barnard (Germany)
October 5, 2012
32. Collins Barrow- CA Association (Canada)
October 5, 2012
33. Confederation of British Industry- UK (United Kingdom)
October 5, 2012
34. Consiglio nazionale dei Dottori Commercialisti (Italy)
October 5, 2012
35. Eumedion (Netherlands)
October 5, 2012
36. Gaviller & Company LLP (Canada)
October 5, 2012
37. General Of Manitoba (Canada)
October 5, 2012
38. Government Accountability Office (United States)
October 5, 2012
39. IFAC Small and Medium Practices Committee (United States)
October 5, 2012
40. Institute of Certified Public Accountants of Singapore (Singapore)
October 5, 2012
41. Institute of Chartered Accountants of India (India)
October 5, 2012
42. MNP LLP- formerly Meyers Norris Penny (Canada)
October 5, 2012
43. Mexican Institute of Public Accountants (Mexico)
October 5, 2012
44. Standard & Poor's Ratings Services (United States)
October 5, 2012
45. Taylor Leibow (Canada)
October 5, 2012
46. WBLI Chartered Accountants (Canada)
October 5, 2012
47. Auditor General Alberta (Canada)
October 6, 2012
48. Khurshed Pastakia , FCA (India)
October 6, 2012
49. CPA Australia (Australia)
October 7, 2012
50. Deloitte Touche Tohmatsu Limited (United States)
October 7, 2012
51. Grant Thornton International Ltd (United Kingdom)
October 7, 2012
52. Jacob Ploag (New Zealand)
October 7, 2012
53. National Audit Office (China)
October 7, 2012
54. National Federation of Certified Public Accountant Associations of the Republic of China (Chinese Taiwan)
October 7, 2012
55. RICARDO JULIO RODIL - PARTNER AT BAKER TILLY BRASIL (Brazil)
October 7, 2012
56. ASSIREVI - Association of Italian audit firms (Italy)
October 8, 2012
57. American Institute of Certified Public Accountants Auditing Standard Board (United States)
October 8, 2012
58. Association of Chartered Certified Accountants (United Kingdom)
October 8, 2012
59. Auditor General of Québec (Canada)
October 8, 2012
60. Australian Institute of Company Directors (Australia)
October 8, 2012
61. BCEM- Jean Bedard, Paul Coram, Reza Espahbodi and Theodore Mock (Canada)
October 8, 2012
62. BDO Interntional Limited (United Kingdom)
October 8, 2012
63. Baker Tilly UK (Investment Manager) (United Kingdom)
October 8, 2012
64. BlackRock, Inc. (United States)
October 8, 2012
65. CSIPPC - Audit Oversight Body in Romania (Romania)
October 8, 2012
66. Canadian Auditing and Assurance Standards Board (Canada)
October 8, 2012
67. Center for Audit Quality (United States)
October 8, 2012
68. Chartered Institute of Management Accountants (United Kingdom)
October 8, 2012
69. China Securities Regulatory Commission (China)
October 8, 2012
70. Crowe Clark Whitehill LLP (United Kingdom)
October 8, 2012
71. Crowe Horwath International (United States)
October 8, 2012
72. Denise Juvenal and Manuel Rejon (Brazil)
October 8, 2012
73. Dubai Financial Services Authority (United Arab Emirates)
October 8, 2012
74. European Federation of Accountants and Auditors for SMEs (Europe)
October 8, 2012
75. FSR- Danish Institute of Accountants (Denmark)
October 8, 2012
76. GCSPS- Group of credit solution providers in Sweden (Sweden)
October 8, 2012
77. Hermes Equity Ownership Services (United States)
October 8, 2012
78. Hunter College - advanced auditing class at the graduate school (United States)
October 8, 2012
79. Institut der Wirtschaftspruefer in Deutschland e.V. (IDW) (Germany)
October 8, 2012
80. Institute Of Certified Public Accountants Of Kenya (Kenya)
October 8, 2012
81. Institute Van de Bedrijfsrevisoren Institut des Reviseurs d'Enterprises (Belgium)
October 8, 2012
82. Institute of Certified Public Accountants of Uganda (Uganda)
October 8, 2012
83. Institute of Chartered Accountants 'of Nigeria (Nigeria)
October 8, 2012
84. Institute of Chartered Accountants Sri Lanka (Sri Lanka)
October 8, 2012
85. Institute of Chartered Accountants in England and Wales (United Kingdom)
October 8, 2012
86. Institute of Chartered Accountants of Scotland (United Kingdom)
October 8, 2012
87. Ishwar Chandra (India)
October 8, 2012
88. Japanese Institute of Certified Public Accountants (Japan)
October 8, 2012
89. Johannesburg Stock Exchange (South Africa)
October 8, 2012
90. Joseph V. Carcello (United States)
October 8, 2012
91. KPMG IFRG Limited (Network) (United Kingdom)
October 8, 2012
92. Kammer der Wirtschaftstreuhander- Chamber of Public Accountants in Austria (Austria)
October 8, 2012
93. Kreston International (United Kingdom)
October 8, 2012
94. MEDEF-Mouvement des Enterprises de France (France)
October 8, 2012
95. Malta Institute of Accountants (MIA) (Malta)
October 8, 2012
96. National Association of Pension Funds (United Kingdom)
October 8, 2012
97. PKF (UK) LLP (United Kingdom)
October 8, 2012
98. PKF International Limited (United Kingdom)
October 8, 2012
99. Paul Gillis - Peking University (China)
October 8, 2012
100. Pitcher Partners (Australia)
October 8, 2012
101. RSM International (United Kingdom)
October 8, 2012
102. Ramachandran Mahadevan (India)
October 8, 2012
103. Rigsrevisionen (Denmark)
October 8, 2012
104. Sweden National Audit Office (Sweden)
October 8, 2012
105. The Hundred Group of Finance Directors- UK (United Kingdom)
October 8, 2012
106. The Institute of Internal Auditors (United States)
October 8, 2012
107. The World Bank (United States)
October 8, 2012
108. University of the Witwatersrand (Auditing Masters Class) (South Africa)
October 8, 2012
109. Vera F. Massarygina PHD (Russian Federation)
October 8, 2012
110. Zambia Institute of Chartered Accountants (Zambia)
October 8, 2012
111. FAR- Institute for the Accountancy Profession in Sweden (Sweden)
October 9, 2012
112. Federation of Accounting Professions of Thailand (Thailand)
October 9, 2012
113. Felicitas T Irungu (United Kingdom)
October 9, 2012
114. Hawkamah Institute for Corporate Governance (Dubai) (United Arab Emirates)
October 9, 2012
115. Securities Commission of Malaysia Audit Oversight Board (Malaysia)
October 9, 2012
116. Wirtschaftspryuferkammer (Germany)
October 9, 2012
117. Argentine Federation of Professionals Councils of Economic Sciences (Argentina)
October 10, 2012
118. Association of British Insurers (United Kingdom)
October 10, 2012
119. FEE- Fédération des Experts comptables Européens (Europe)
October 10, 2012
120. Group of 100- Australia (Australia)
October 10, 2012
121. ICAC Ministry of Economics and Competiveness (Institute Of Accounting and Audit) (Spain)
October 10, 2012
122. Institute of Certified Public Accountants Ireland (Ireland)
October 10, 2012
123. Insurance Europe (Belgium)
October 10, 2012
124. Sizwe Ntsaluba Gobodo (South Africa)
October 10, 2012
125. Ernst & Young Global Limited (United Kingdom)
October 11, 2012
126. Investment Management Association (United Kingdom)
October 11, 2012
127. Mazars (France)
October 11, 2012
128. PricewaterhouseCoopers International Limited (United Kingdom)
October 11, 2012
129. VNO-NCW -Financial Reporting Policy Committee of the Confederation of Netherlands Industry and Employers (Netherlands)
October 11, 2012
130. AFRC- Australian Financial Reporting Council (Australia)
October 12, 2012
131. AUASB- Australian Auditing and Assurance Standards Board (Australia)
October 12, 2012
132. Basel Committee on Banking Supervision (Switzerland)
October 12, 2012
133. Hong Kong Institute of Certified Public Accountants (Hong Kong (Special Administrative Region of China))
October 12, 2012
134. Institute of Chartered Accountants of Pakistan (Pakistan)
October 12, 2012
135. King Committee On Corporate Governance in South Africa (South Africa)
October 12, 2012
136. NBA- Nederlandse Beroepsorganisatie van Accountants (Netherlands)
October 12, 2012
137. New Zealand Auditing and Assurance Standards Board (New Zealand)
October 12, 2012
138. Quoted Companies Alliance (United Kingdom)
October 12, 2012
139. Australasian Council of Auditors-General (Australia)
October 14, 2012
140. Asian Corporate Governance Association (Hong Kong (Special Administrative Region of China))
October 15, 2012
141. Canadian Public Accountability Board (Canada)
October 15, 2012
142. DnR - The Norwegian Institute of Public Accountants (Norway)
October 15, 2012
143. European Banking Authority (United Kingdom)
October 15, 2012
144. Institute of Chartered Accountants in Australia (Australia)
October 15, 2012
145. Instituto Brasileiro de Governanca Corporativa (Brazil)
October 15, 2012
146. Karim Jamal (University of Alberta) and Shyam Sunder (Yale University) (Canada)
October 15, 2012
147. Malaysian Institute of Accountants (Malaysia)
October 15, 2012
148. British Columbia - Ministry of Finance (Office of Comptroller) (Canada)
October 17, 2012
149. Chinese Institute of Certified Public Accountants (China)
October 17, 2012
150. PAIB- IFAC's Professional Accountants in Business Committee (United States)
October 18, 2012
151. The Organisation for Economic Co-operation and Development (France)
October 19, 2012
152. CIPFA- Chartered Institute of Public Finance & Accounancy (United Kingdom)
October 22, 2012
153. CNCC-CSOEC- Compagnie Nationale des Commisssaires aux Comptes and the Conseil Superieur de l'Ordre des Experts-Comptables (France)
October 22, 2012
154. Guylaine Saucier (Canada)
October 22, 2012
155. European Audit Inspection Group (15 European Audit Regulators) (Netherlands)
October 23, 2012
156. Independent Regulatory Board for Auditors (South Africa)
October 23, 2012
157. UKFRC- Financial Reporting Council- UK (United Kingdom)
October 23, 2012
158. National Association of State Boards of Accountancy (United States)
October 26, 2012
159. OROC-Ordem dos Revisores Oficiais de Contas (Portugal)
October 26, 2012
160. CalPERS - California Public Employees' Retirement System (United States)
October 29, 2012
161. International Organization of Securities Commissions (United States)
November 2, 2012
162. Korean Institute of Certified Public Accountants (Korea, Republic of)
November 5, 2012
163. Institute of Certified Public Accountants in Ireland (Ireland)
November 13, 2012
164. Business Europe (Belgium)
November 14, 2012
165. IBRACON - Instituto dos Auditores Independentes do Brasil (Brazil)
December 12, 2012
Related Resources
- 2018 Handbook of International Quality Control, Auditing, Review, Other Assurance, and Related Services Pronouncements
- IAASB 2021 Public Report: Spearheading Change to Enhance Confidence in Audits and Assurance
- IAASB Comment Letter to the International Sustainability Standards Board
- ISA 315 First-Time Implementation Guide
- Reporting Going Concern Matters in the Auditor's Report
