(New York) The International Auditing and Assurance Standards Board (IAASB) issued on April 16, 2007 a paper on auditors’ reports on special purpose audit engagements.
The purpose of the paper is to advise auditors that reports for special purpose audit engagements can, with appropriate amendments, be issued in the form of the illustrative report in paragraph 60 of International Standard on Auditing (ISA) 700, The Independent Auditor’s Report on a Complete Set of General Purpose Financial Statements
IAASB is an independent standard setting board within the International Federation of Accountants (IFAC). Its objective is to serve the public interest by setting high quality standards on auditing, quality control, review, other assurance and related services.
For more information please visit the following website: www.ifac.org