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ASA 705 - Modifications to the Opinion in the Independent Auditor's Report - December 2015
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Scope of this Auditing Standard
- This Auditing Standard deals with the auditor’s responsibility to issue an appropriate report in circumstances when, in forming an opinion in accordance with ASA 700,[1] the auditor concludes that a modification to the auditor’s opinion on the financial report is necessary. This Auditing Standard also deals with how the form and content of the auditor’s report is affected when the auditor expresses a modified opinion. In all cases, the reporting requirements in ASA 700 apply, and are not repeated in this Auditing Standard unless they are explicitly addressed or amended by the requirements of this Auditing Standard.