New and Revised Auditor Reporting

 

  


Technical Resources

 

This webpage contains pronouncements, guides and articles that are relevant to the New and Revised Auditor Reporting.

 

Effective Date

Financial periods ending on or after 15 December 2016.

 

Affected standards

HKSA 700 (Revised), HKSA 701 (New), HKSA 570 (Revised), HKSA 705 (Revised),
HKSA 706 (Revised), HKSA 260 (Revised), conforming amendments to several
other HKSAs and HKSA 720 (Revised).

 

Why change the auditor's report

The auditor’s report is the key deliverable communicating the results of the audit process. Investors and other financial statement users have asked for a more informative auditor’s report—in particular for auditors to provide more relevant information to users.


Research, public consultations, and stakeholder outreach, including global roundtables, indicate that enhanced auditor reporting is critical to influencing the perceived value of the financial statement audit.

 

 

 

  Click below for more information


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Additional references issued by Standard Setters and Regulators
file/media/general/SMP-and-SME-Resource-Centre/901BTRIBe.gifUseful references issued by other organisations
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Focus:



Additional references issued by Standard Setters and Regulators
file/media/general/SMP-and-SME-Resource-Centre/901BTRIBe.gifHKICPA Standard Setting Department
  • AASC Clarity Centre

     -  Frequently asked questions (FAQ) on The New Auditor's Report

file/media/general/SMP-and-SME-Resource-Centre/901BTRIBe.gifIAASB
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Hong Kong Stock Exchange

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UK Financial Reporting Council

 

Useful references issued by other organisations
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The Chamber of Hong Kong Listed Companies

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Eumedion Corporate Governance Forum

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ICAEW

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South African Institute of Chartered Accountants

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The Royal Netherlands Institute of Chartered Accountants (NBA)

 

Aplus articles
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May 2015: New and revised Auditor Reporting Standards 

file/media/general/SMP-and-SME-Resource-Centre/901BTRIBe.gifOctober 2015: Making audit more communicative
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December 2015: New and revised HKSAs on auditor reporting and auditor's responsibilities relating to other information

 

 

 

 

 
 
 
Last updated: November 2016

 

Frequently used resources




Technical enquiries

 Click here to submit questions on standards issued by HKICPA.