Auditor reporting
Learn how changes to international standards of auditor reporting may affect you
In Brief
- International standards were revised to overhaul the scope of auditor’s reports for all entities
- A new standard (ISA 701) on key audit matters (KAM) affects listed entities and issuers
- The changes are effective for reporting periods ending on or after 15 December 2016
The new auditor’s report
The auditor’s report – the auditor’s principal way of communicating with users of the audited financial statements – is dramatically changing due to revisions to international standards.
Taking effect on 15 December 2016, the overhaul is the biggest in decades. Here we take you through the key changes you need to know about.
Changes impacting all audits
Changes impacting certain audits
Related downloads
- Key Audit Matters (pdf, 0.3 mb)
- New audit report brings new opportunities (pdf, 1.2 mb)
- Enhanced auditor reporting: Practical ways to deliver insight (pdf, 0.7 mb)
- Information Sheet for Audit Committees on Key Audit Matters (pdf, 0.1 mb)
- May 2015 – Australian Institute of Company Directors magazine article (pdf, 0.1 mb)
- New auditor reporting requirements are imminent (pdf, 0.1 mb)
- Enhanced auditor reporting: one year on (pdf, 0.1 mb)
- Perspective article: Audit reports get relevant (pdf, 0.4 mb)