ICAI issued 6 New/Revised Standards on Auditing

ICAI has issued 6 New / Revised Standards on Auditing on 17th May 2016.

Please see the link http://www.icai.org/new_post.html?post_id=12624&c_id=219 for the documents.

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.