Advice to Auditors on Reports for Special Purpose Audit Engagements#
The IAASB has issued advice to auditors that reports for special purpose audit engagements can, with appropriate amendments, be issued in the form of an illustrative report as set out in ISA 700, The Independent Auditors Report on a Complete Set of General Purpose Financial Statements. This publication was issued while the IAASB was in process of finalizing its Clarified ISAs. Auditors conducting audits in accordance with the Clarified ISAs (for periods beginning on or after December 15, 2009) should follow the requirements and guidance in ISA 800, Special Considerations-Audits of Financial Statements Prepared in Accordance with Special Purpose Frameworks.
Modifications to International Standards of the International Auditing and Assurance Standards Board (IAASB) - A Guide for National Standard Setters that Adopt the IAASB's International Standards but Find It Necessary to Make Limited Modifications #
The objective of this paper is to set out the policy of the IAASB on the question: What modifications may a national standard setter that adopts the International Standards promulgated by the IAASB as its national standards make to the International Standards while still asserting that the resulting national standards conform to the International Standards?