NEW YORK- The International Auditing and Assurance Standards Board (IAASB) released on December 20, 2007 three final redrafted standards as part of its clarity project.
Listed below are the three redrafted standards:
- International Standard on Auditing (ISA) 230 (Redrafted), Audit Documentation;
- ISA 260 (Revised and Redrafted), Communication with Those Charged with Governance; and
- ISA 720 (Redrafted), The Auditor's Responsibility in Relation to Other Information in Documents Containing Audited Financial Statements.
IAASB is an independent standard setting board within the 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