Conformity with International Standards Conformity with International Standards on Auditing

Conformity with International Standards on Auditing

21 Except as noted below, this Auditing Standard conforms with International Standard on Auditing ISA 510 Initial Engagements – Opening Balances, issued by the International Auditing and Assurance Standards Board of the International Federation of Accountants. The main difference between this Auditing Standard and ISA 510 is:

• this Auditing Standard includes examples of modified auditor’s reports at Appendix 1, whereas ISA 510 includes examples of modification to the auditor’s report in explanatory guidance paragraphs.

Compliance with this Auditing Standard enables compliance with ISA 510.