FAQ on Applicability of New Auditors Report

Question 1: For which audits does the auditor need to follow the revised reporting standard i.e. SA 700 (Revised)?
Response 1: The revised reporting standard, SA 700 (Revised), is applicable for audits of financial statements for periods beginning on or after April 1, 2018.

Question 2: Is SA 700(Revised) applicable for audit reports signed after April 1, 2018?
Response 2: Since the revised reporting standard, SA 700(Revised) is applicable for audits of financial statements for periods beginning on or after April 1, 2018, audit reports signed after April 1, 2018 pertaining to financial statements for periods beginning before April 1, 2018 will not be governed by SA 700 (Revised)

Further the full 212 page ICAI publication is available for download.
Downlaod: https://drive.google.com/file/d/1GBNDhIEMmCqmMoUVxE7BUzSeNS6e-05A/view?usp=sharing