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Auditing Standard ASA 2018-1 Amendments to Australian Auditing Standards
Amendments to ASA 700Amendments to ASA 700
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Amendments to ASA 700
- Existing paragraph 13 is amended to read as follows:
In particular, the auditor shall evaluate whether, in view of the requirements of the applicable financial reporting framework:
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The accounting estimates and related disclosures made by management are reasonable;
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Footnote 8 is inserted to this Auditing Standard to read as follows:
[Deleted by the AUASB. Refer Aus 8.1]
- As a result of the insertion of footnote 8 of this Auditing Standard, subsequent footnotes of this Auditing Standard are re‑numbered and references to these footnotes are updated accordingly.
- Existing footnote 40 in paragraph A84 is amended to read as follows:
See revised ASA 720 The Auditor’s Responsibilities Relating to Other Information.