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  • Service: Audit, IFRS
  • Date: 7/29/2013

Enhancing the value of auditor reporting  

For some time, users of financial statements have been calling for the auditor’s report to include insights gained during the audit.

On 25 July, the International Auditing and Assurance Standards Board released an exposure draft containing proposals that would require an auditor to include in the auditor’s report a description of matters that they consider to be of most significance in the audit ('key audit matters'). The proposal to describe key audit matters would be mandatory for audits of listed entities.


The IAASB’s aim is to significantly expand the content of the auditor’s report, beyond being a simple pass/fail assessment, so that it provides information about the audit to users. Comments are due to the IAASB by 22 November 2013.


Read our In the Headlines to find out more about the proposals.

Enhancing the value of auditor reporting (2013/14)

Feature image
This In the Headlines looks at IAASB proposals to address calls by users for the auditor’s report to include insights gained during the audit.

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