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New audit report INT

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA AAA Exams › New audit report INT

  • This topic has 1 reply, 2 voices, and was last updated 8 years ago by MikeLittle.
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  • Author
    Posts
  • August 29, 2016 at 11:24 pm #336130
    mini
    Member
    • Topics: 38
    • Replies: 28
    • ☆☆

    Hi Mike,

    According to the revised ISA 570 use of an Emphasis of Matter paragraph is no longer appropriate and that revised standard will be examined from Sep 2016. However, in BPP examination kit for Sep sitting Emphasis of Matter paragraph is still used in a question answers.

    Do we need to apply revised ISA570 or previous version when answering questions on audit reporting? If we still need to use previous version of the standard does it mean that revised ISA 570 and ISA 701 can be examined as current issues and developments?

    August 30, 2016 at 7:56 am #336178
    MikeLittle
    Keymaster
    • Topics: 27
    • Replies: 23327
    • ☆☆☆☆☆

    I believe that you have misinterpreted the revised ISA 570

    Emphasis of matter paragraphs ARE still used, even with the new audit report format

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