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15 February 2011

APB Revision zum Bericht von Rechnungsprüfern zu Financial Statements


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Richard Fleck, APB Chairman, said: “Investors and other users of annual reports regard the auditor’s involvement with the financial and narrative 'other information' included with the financial statements to be of increasing importance."


The APB of the FRC issued revisions of ISA (UK and Ireland) 700 “The Auditor’s Report on Financial Statements”; and Bulletin 2010/2 “Compendium of Illustrative Auditor’s Reports on United Kingdom Private Sector Financial Statements for periods ended on or after 15 December 2010”. 

The revision of ISA (UK and Ireland) 700 which is effective for audits of United Kingdom entities for periods ending on or after 23 March 2011 amends the short form description of the scope of an audit to refer to the auditor’s responsibility under ISAs (UK and Ireland) to read all the financial and non-financial information in the annual report to identify material inconsistencies with the financial statements.
The description of the scope of an audit  has been revised to be a generic description which can be applied to any entity.
Richard Fleck, APB Chairman said: "The APB has amended the description of the auditor’s responsibility included in the auditor’s report to refer to the auditor’s obligation to read such other information with a view to ensuring that there are no material misstatements or inconsistencies between it and the financial statements”.

As contemplated when it was originally issued, the revision of Bulletin 2010/2 amends each of the illustrative auditor’s reports to reflect the change to the short form description of the scope of an audit.

Press release


© FRC


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