Objective
The objective of this project was to revise ISA 230, Documentation. The project resulted in the issue of ISA 230 (Revised), Audit Documentation. ISA 230 (Revised) is effective for audits for financial periods beginning on or after June 15, 2006.
The Basis for Conclusions provides background to the project, main comments received on the exposure draft, and the IAASB's conclusions regarding these comments in developing the final standard.