The ISAs that affected by the Clarity Project
Continued from the previous post: The Clarity Project [https://lnkd.in/giptfb7k] ISA 260 Communication with Those Charged with Governance This clarified ISA emphasises the importance of effective two-way communication between the auditor and those charged with governance of the entity. Where the auditor encounters significant difficulty during the course of an audit, the auditor is required to […]
The Clarity Project
The International Accounting Standards Board (IAASB) initiated a campaign in 2004 to improve the clarity (readability) of the ISAs. This Clarity Project’s overarching objective was to make the ISAs more understandable, which would, in turn, make it easier to apply the standards consistently and lead to an improvement in the overall audit quality on a […]
