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A New Audit Reporting Journey

01 May 2015

A New Audit Reporting Journey

Just as business and commerce are constantly changing, so do the needs of users of financial statements. As a result, the recently revised International Standards on Auditing (ISAs) issued by the International Auditing and Assurance Standards Board (IAASB) herald the dawn of a new era of audit reporting. This new regime has been designed to focus principally on the key output from the audit process – the auditor’s report.

These changes will become effective for financial statement periods ending on or after 15 December 2016.

BDO supports these changes to auditor reporting in order to highlight the value that can be placed on a financial statement audit. Read our latest publication on these IAASB changes to find out how your audit might change.