Proposed Changes to the International Standards on Auditing (ISAs)–Addressing Disclosures in the Audit of Financial Statements
IAASB
May 14, 2014 | Exposure Drafts and Consultation Papers
59 Pages
English
Comments due by: Sep 11, 2014
This Exposure Draft seeks views from stakeholders in relation to the International Standards on Auditing (ISAs) that address disclosures in the audit of financial statements. The proposals include new guidance to clarify expectations of auditors when auditing financial statement disclosures.
NEW The Preliminary Staff Publication, Addressing Disclosures in the Audit of Financial Statements, highlights matters that may be of importance for auditors when addressing disclosures as part of a financial statement audit, and includes reference to the relevant requirements and application material of the ISAs, including the proposed amendments in the Exposure Draft.
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Submitted Comment Letters
1. Swedish National Audit Office (Sweden)
June 25, 2014
2. ICAEW
August 4, 2014
3. Crowe Horwath International (United States)
August 18, 2014
4. Provincial Auditor Saskatchewan (Canada)
August 18, 2014
5. Chartered Accountants Australia and New Zealand (Australia)
August 19, 2014
6. Instituut van de Bedrijfsrevisoren/Institut des Réviseurs d'Entreprises (Belgium)
September 2, 2014
7. Audit Oversight Board, Securities Commission Malaysia (Malaysia)
September 3, 2014
8. Chris Barnard (Germany)
September 5, 2014
9. European Banking Authority (EBA) (Europe
)
September 5, 2014
10. ISCA (Singapore)
September 5, 2014
11. Association of National Accountants of Nigeria (Nigeria)
September 8, 2014
12. FSR - danske revisorer (Denmark)
September 8, 2014
13. ACCA
September 9, 2014
14. Australasian Council of Auditors-General (Australasia/Oceania
)
September 9, 2014
15. CPA Australia (Australia)
September 9, 2014
16. Chartered Accountants Ireland (Ireland)
September 9, 2014
17. Fédération des Experts Comptables Européens (Europe
)
September 9, 2014
18. Government Accountability Office (United States)
September 9, 2014
19. Quoted Companies Alliance (United Kingdom)
September 9, 2014
20. Wirtschaftsprüferkammer (Germany)
September 9, 2014
21. External Reporting Board (New Zealand)
September 10, 2014
22. National Association of State Boards of Accountancy (NASBA) (United States)
September 10, 2014
23. RSM International Limited
September 10, 2014
24. ASOCIACION INTERAMERICANA DE CONTABILIDAD (AIC) (United States)
September 11, 2014
25. ASSIREVI (Italy)
September 11, 2014
26. Auditing and Assurance Standards Board (Australia)
September 11, 2014
27. BDO (United Kingdom)
September 11, 2014
28. Basel Committee on Banking Supervision
September 11, 2014
29. CIPFA (United Kingdom)
September 11, 2014
30. Canadian Auditing and Assurance Standards Board
September 11, 2014
31. Deloitte Touche Tohmatsu Limited (United States)
September 11, 2014
32. Hong Kong Institute of Certified Public Accountants (Hong Kong (Special Administrative Region of China))
September 11, 2014
33. Hunter College (United States)
September 11, 2014
34. ICAS (United Kingdom)
September 11, 2014
35. IFAC SMP Committee
September 11, 2014
36. Independent Regulatory Board for Auditors (South Africa)
September 11, 2014
37. Institut der Wirtschaftsprüfer e.V. (Germany)
September 11, 2014
38. Instituto Mexicano de Contadores Publicos AC (Mexico)
September 11, 2014
39. Instituto Nacional de Contadores Públicos de Colombia (Colombia)
September 11, 2014
40. KPMG IFRG Limited
September 11, 2014
41. Korean Institute of Certified Public Accountants (Korea, Republic of)
September 11, 2014
42. Malaysian Institute of Accountants (Malaysia)
September 11, 2014
43. National Audit Office (United Kingdom)
September 11, 2014
44. Office of Auditor General of Alberta (Canada)
September 11, 2014
45. Public Accountants and Auditors Board, Zimbabwe (Zimbabwe)
September 11, 2014
46. THE INSTITUTE OF CHARTERED ACCOUNTANTS [GHANA] (Ghana)
September 11, 2014
47. The American Institute of Certified Public Accountants (United States)
September 11, 2014
48. The Japanese Institute of Certified Public Accountants (Japan)
September 11, 2014
49. The Malaysian Institute of Certified Public Accountants (MICPA) (Malaysia)
September 11, 2014
50. The South African Institute of Chartered Accountants (South Africa)
September 11, 2014
51. ZICA (Zambia)
September 11, 2014
52. California Society of Certified Public Accountants (United States)
September 12, 2014
53. Compagnie Nationale des Commissaires aux Comptes (France)
September 12, 2014
54. FACPCE (Argentina)
September 12, 2014
55. Institute of Chartered Accountants of Zimbabwe (ICAZ) (Zimbabwe)
September 12, 2014
56. PricewaterhouseCoopers International Limited
September 12, 2014
57. The Financial Reporting Council (United Kingdom)
September 15, 2014
58. The Institute of Chartered Accountants of Pakistan (Pakistan)
September 15, 2014
59. European Federation of Accountants and Auditors for SMEs
September 16, 2014
60. Nederlandse Beroepsorganisatie van Accountants (Netherlands)
September 16, 2014
61. Office of the Auditor-General of New Zealand (New Zealand)
September 16, 2014
62. Grant Thornton International Ltd
September 19, 2014
63. Altaf Noor Ali Chartered Accountants (Pakistan)
September 20, 2014
64. Denise Silva Ferreira Juvenal (Brazil)
September 21, 2014
65. Ernst & Young Global Limited (United Kingdom)
September 25, 2014
66. New York State Society of Certified Public Accountants (United States)
September 29, 2014
67. European Audit Inspection Group (Europe
)
October 2, 2014
68. IAIS (Switzerland)
October 3, 2014
69. International Organization of Securities Commissions (United States)
October 3, 2014
70. International Forum of Independent Audit Regulators
October 10, 2014
Related Resources
- IAASB Proposes Enhancements to Auditing Standards Focused on Financial Statement Disclosures
- 2018 Handbook of International Quality Control, Auditing, Review, Other Assurance, and Related Services Pronouncements
- ISA 220 (Revised): Definition of an Engagement Team Fact sheet
- International Standard on Auditing 600 (Revised), Special Considerations—Audits of Group Financial Statements (Including the Work of Component Auditors)
- Non-Authoritative Guidance: The Fraud Lens – Interactions Between ISA 240 and Other ISAs