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The Canadian auditor's report is facing some potentially dramatic changes since the International Auditing and Assurance Standards Board (IAASB) sought input in its Invitation to Comment (ITC) mproving the Auditor's Report. The input the IAASB receives will be used as a basis for revising International Standard on Auditing (ISA) 700 Forming an Opinion and Reporting on Financial Statements. This webinar discusses the significant changes that are likely to occur when the ISA is adopted.
Auditors, audit committees, preparers, investors, analysts and other financial statement users need to know how improvements proposed in the IAASB’s ITC will lead to changes to Canadian standards that affect auditors’ reports on financial statements. These changes affect auditor’s reports on companies of all sizes in both the private and public sectors.
Potentially dramatic changes on the horizon for audit reports in Canada will:
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