United States
The ASB issued SAS 134, Auditor Reporting and Amendments, Including Amendments Addressing Disclosures in the Audit of Financial Statements.
The ASB has clarified and expanded the auditor’s responsibilities with respect to other information included in annual reports.
A recent proposed SSARS addresses materiality in a review of financial statements, adverse conclusions and other issues.
A recent proposed SAS discusses the evaluation of audit evidence and the use of automated tools and techniques.
The Auditing Standards Board recently proposed amendments to the materiality concepts discussed in existing standards.
Among other requirements, a recent standard requires additional auditor communication with those charged with governance.
A recent standard provides changes to the format of and verbiage used in the auditor’s report for audits of nonissuers.
The Auditing Standards Board recently issued amendments regarding the issuance of comfort letters.