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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


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

 

Focus:



Additional references issued by Standard Setters and Regulators
file/media/general/SMP-and-SME-Resource-Centre/901BTRIBe.gif The Institute 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.gif IAASB
file/media/general/SMP-and-SME-Resource-Centre/901BTRIBe.gif

Hong Kong Stock Exchange

file/media/general/SMP-and-SME-Resource-Centre/901BTRIBe.gif

UK Financial Reporting Council

 

Useful references issued by other organisations
file/media/general/SMP-and-SME-Resource-Centre/901BTRIBe.gif

The Chamber of Hong Kong Listed Companies

file/media/general/SMP-and-SME-Resource-Centre/901BTRIBe.gif

Eumedion Corporate Governance Forum

file/media/general/SMP-and-SME-Resource-Centre/901BTRIBe.gif

ICAEW

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South African Institute of Chartered Accountants

file/media/general/SMP-and-SME-Resource-Centre/901BTRIBe.gif

The Royal Netherlands Institute of Chartered Accountants (NBA)

 

Aplus articles
file/media/general/SMP-and-SME-Resource-Centre/901BTRIBe.gif

May 2015: New and revised Auditor Reporting Standards 

file/media/general/SMP-and-SME-Resource-Centre/901BTRIBe.gif October 2015: Making audit more communicative
file/media/general/SMP-and-SME-Resource-Centre/901BTRIBe.gif  

December 2015: New and revised HKSAs on auditor reporting and auditor's responsibilities relating to other information

901BTRIBe  November 2017: First year experiences with revised auditor’s reports
901BTRIBe January 2019: Second year experiences with revised auditor’s reports

 

 

 

 
 
 
Last updated: April 2019

 

Frequently used resources

 
 



Technical enquiries

  Click here to submit questions on standards issued by the Institute.
   
 
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