1. News
  2. NEWS DIGEST

IAASB aims for changes to summary financial statement reporting

Proposal is designed to create 'a balanced approach.'

Related
TOPICS

The IAASB proposed changes to reporting on summary financial statements.

The exposure draft for International Standard on Auditing (ISA) 810, Engagements to Report on Summary Financial Statements, deals with the auditor's responsibilities relating to an engagement to report on summary financial statements derived from financial statements audited in accordance with ISAs by that same auditor.

The IAASB is proposing limited conforming amendments to ISA 810 as a result of the issuance of its new and revised auditor reporting standards, which address auditor reporting on general-purpose financial statements.

Comments on the ED can be made at the IAASB website. The comment deadline is Nov. 2.

SPONSORED REPORT

Implementing a global statutory reporting maturity model

Assess your organization's capabilities and progress toward an ideal state of global statutory reporting. Sponsored by Workiva.

100th ANNIVERSARY

Black CPA Centennial, 1921–2021

With 2021 marking the 100th anniversary of the first Black licensed CPA in the United States, a yearlong campaign kicked off to recognize the nation’s Black CPAs and encourage greater progress in diversity, inclusion, and equity in the CPA profession.