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Dear Mr. Mike,
I would like to verify that the below noted are the only changes.
1. IFRS 15
2. Auditor’s report : KAM and other information sectionIt’s very important for me to know if there are any other changes, as my exam kit is not the updated one.
These are the official changes:
Section and subject area
Syllabus content
D1h) Amended to clarify the need for additional information to obtain an understanding of the entity
h) Identify additional information that may be required to assist the auditor in obtaining an understanding of the entity.[2]
D2b) New learning outcome specifically relating to additional information required for planning
b) Identify additional information that may be required to effectively carry out a planned assignment.[2]
D3e) Amended terminology to comply with changes to ISA 720 The Auditor’s Responsibilities Relating to Other Information
e) Discuss the courses of action available to an auditor if a material inconsistency or material misstatement exists in relation to other information such as contained in the integrated report.[2]
F1a) New learning outcome to introduce the new requirements of reporting standards – ISA 700 and ISA 701
a) Determine the form and content of an unmodified audit report and assess the appropriateness of the contents of an unmodified audit report.[3]
G1 Amendment to heading to focus on developments
1. Professional and ethical developments
You can find the detail (set out in a more understandable manner) here:
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