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Return to: Home > announcements > Update -- The New Auditor’s Report: A Comparison between the ISAs and the PCAOB Reproposal

Update -- The New Auditor’s Report: A Comparison between the ISAs and the PCAOB Reproposal

Report published by the IAASB

The International Audit and Assurance Standards Board (IAASB) has published the following report:

The New Auditor's Report: A Comparison between the ISAs and the PCAOB Reproposal

The IAASB report has been prepared by its Auditor Reporting Implementation Working Group.

It is intended to help understanding the following two initiatives:

-The release by the PCAOB of its re-proposed auditing standard: The Auditor's Report on an Audit of Financial Statements When the Auditor Expresses an Unqualified Opinion (requiring auditors to provide information on critical audit matters, aka CAM, in the auditor's report).

-The IAASB's new and revised Auditor Reporting Standards, launched in September 2014 and effective for December 2016 year-end audits (requiring the communication of key audit matters aka KAM).

The IAASB is an observer to the PCAOB Standing Advisory Group and the PCAOB is an observer to the IAASB's Consultative Advisory Group.

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