New / Revised Standard on Auditing SA 700, 701, 705, 706, 260 & 570

New / Revised Standards on Auditing – (17-05-2016)

ICAI has released 5 revised Standards on Auditing and a New SA 701, Communicating Key Audit Matters in the Independent Auditor’s Report. Link to Download the same are as follows :-

1. Revised SA 700, Forming an Opinion and Reporting on Financial Statements.

2. New SA 701, Communicating Key Audit Matters in the Independent Auditor’s Report.

3. Revised SA 705, Modifications to the Opinion in the Independent Auditor’s Report.

4. Revised SA 706, Emphasis of Matter Paragraphs and Other Matter Paragraphs in the Independent Auditor’s Report.

5. Revised SA 260, Communication with Those Charged with Governance.

6. Revised SA 570, Going Concern.

Source- ICAI