The IAASB has responded to the Public Company Accounting Oversight Board's (PCAOB’s) initiative to explore ways to strengthen and modernize the PCAOB’s interim standards addressing the auditor’s use of the work of specialists.
The IAASB’s response draws reference to its work to develop ISA 620, Using the Work of an Auditor’s Expert, and ISA 500, Audit Evidence, as well as current projects on its agenda that are relevant to the topic of experts.
The IAASB has responded to the Public Company Accounting Oversight Board's (PCAOB’s) initiative to explore ways to strengthen and modernize the PCAOB’s interim standards addressing the auditor’s use of the work of specialists.
The IAASB’s response draws reference to its work to develop ISA 620, Using the Work of an Auditor’s Expert, and ISA 500, Audit Evidence, as well as current projects on its agenda that are relevant to the topic of experts.
International Standard on Auditing™ (ISA™) 810, Engagements to Report on Summary Financial Statements, deals with the auditor’s responsibilities relating to an engagement to report on summary financial statements derived from financial statements audited in accordance with ISAs by that same auditor.
