International Standard on Auditing (ISA) 705 (Revised), Modifications to the Opinion in the Independent Auditor's Report

This ISA has been revised to conform to the enhanced auditor reporting requirements in ISA 700 (Revised), Forming an Opinion and Reporting on Financial Statements. Changes to this ISA relate primarily to how the form and content of the auditor’s report is affected when the auditor expresses a modified opinion. ISA 705 (Revised) is effective for audits of financial statements for periods ending on or after December 15, 2016.