The New and Revised Reporting Standards

The Reporting Standards that are effective for audits of financial statements for periods ending on or after 15 December 2016 comprise:

• ISA 700 (Revised), Forming an Opinion and Reporting on Financial Statements;
• ISA 701, Communicating Key Audit Matters in the Independent Auditor’s Report;
• ISA 705 (Revised), Modifications to the Opinion in the Independent Auditor’s Report;
• ISA 706 (Revised), Emphasis of Matter Paragraphs and Other Matter Paragraphs in the Independent Auditor’s Report;
• ISA 570 (Revised), Going Concern;
• ISA 260 (Revised), Communication with Those Charged with Governance; and
• Related Conforming Amendments to other ISAs
   
• New and revised Auditor Reporting Standards and related conforming amendments – Combined

 Related communiques

13 January 2017 - Standards News Omnibus: New Auditor's Report Q&A and Resources which can be used for applying Professional Skepticism