The ICAI. vide Announcement dt. 17 May 2016 has released various Revised/ New Standards on Auditing (i.e. SA 700, SA 701, SA 705, SA 706, SA 260 & SA 570), as under:
Revised SA 700, Forming an Opinion and Reporting on Financial Statements
New SA 701, Communicating Key Audit Matters in the Independent Auditor’s Report
Revised SA 705, Modifications to the Opinion in the Independent Auditor’s Report
Revised SA 260, Communication with Those Charged with Governance
It may be noted that ICAI had issued Exposure Drafts of above Revised Standards on Auditing on 3 Dec. 2015, for Comments from it’s Members latest by 18 Jan. 2016. After consideration of the suggestions/ comments received, the ICAI has issued the above standards.
Related Posts:
ICAI’s Implementation Guide for Revised SA 570 on Going Concern
ICAI’s FAQs on Revised “SA 570: Going Concern” Applicable for Audits of FY 2017-18
Applicability Date for Revised SA 700, SA 705, SA 706: ICAI Clarifications
What about applicability of SA 700 report format for ca final may 17 exam? old or new which provided in practice manual?