Australia

Details

  • Service: Audit, Financial Statement Audit, Accounting Advisory Services, International Financial Reporting Standards (IFRS)
  • Type: Regulatory update
  • Date: 2/07/2012

IFRS In the Headlines

IFRS In the Headlines
In the Headlines (formerly IFRS Briefing Sheets) provide a timely update on International Financial Reporting Standards (IFRS) developments.

Increasing the value of auditor reporting (2012/10) 

The International Auditing and Assurance Standards Board (IAASB) published an Invitation to Comment: Improving the Auditor's Report (ITC).
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The proposals in the ITC:

  • were driven by users' requests for more insight into audited entities and their financial statements
  • provide auditor insight in the form of auditor commentary
  • are intended to be applied without changing the current scope of an ISA audit.

 

The comment period ended on 8 October 2012.

 

IFRS Briefing Sheets - International financial reporting updates