A new-look audit report

The winds of change are blowing through audit reporting globally, with the issue by the IAASB of the first tranche of standards in its auditor reporting project.  These standards have now been issued by the AUASB as exposure drafts with a view to having them operative in Australia from 1 January 2016 like their international counterparts.

We have prepared a summary for auditors, audit committee members and others involved in the audit process to help them prepare for a new way of doing things.