The International Federation of Accountants’
international auditing and assurance standards board releases
International Auditing Practice Statement 1014, Reporting by
Auditors on Compliance with International Financial Reporting
Standards, and issues two exposure drafts on assurance
engagements and audits of small businesses ( www.ifac.org ). One includes a
proposed International Framework for Assurance Engagements
and a proposed International Standard on Assurance Engagements
2000, Assurance Engagements on Subject Matters Other Than
Historical Financial Information. The other, The Special
Considerations in the Audit of Small Entities, Proposed Amendment to
International Auditing Practice Statement 1005, presents
guidance on distinctive aspects of auditing small organizations’
financial statements. Comments are due June 30.
International
