New Revised Standards on Auditing (SA-700, SA-701, SA-705, SA-706, SA-260 & SA-570) released by ICAI [17 May 2016]
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:
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.