This site uses cookies for analytics, personalized content and ads. By continuing to browse this site, you agree to this use of cookies in accordance with our Cookie Policy.

Comment Letter

IAASB: Re-proposed International Standard on Auditing 720

Monday, July 14, 2014

Download PDF

The CAQ emphasizes its support of the International Auditing and Assurance Standards Board’s (IAASB) effort to enhance and clarify the auditor’s responsibilities relating to other information. The CAQ suggests further improvements that could provide users with a better understanding of the auditor’s responsibilities including: refining the definition of “misstatement of the other information,” further clarifying the scope of auditor performance and reporting responsibilities related to other information, and requesting additional guidance to determine when reports are outside the scope of other information.