Comments requested on revised auditing standards

By Anne Adrain

7 August 2015

The International Auditing and Assurance Standards Board (IAASB) has released an exposure draft on revised international auditing standards for comment.

The Proposed Amendments to the IAASB's International Standards – Responding to Non-Compliance or Suspected Non-Compliance with Laws and Regulations – includes limited amendments to several International Standards on Auditing (ISAs).

The changes have been made in response to the International Ethics Standards Board for Accountants (IESBA's) Re-Exposure Draft, Responding to Non-Compliance with Laws and Regulations.

Most of the proposed amendments relate to International Standard on Auditing (ISA) 250, Consideration of Laws and Regulations in an Audit of Financial Statements, with less extensive changes proposed to several other standards.

The IAASB's objective in their proposals is to ensure consistency in the approach to Non-Compliance with Laws and Regulations (NOCLAR) between ISA 250 and the auditor's ethical obligations under the IESBA Code.

Any comments on the proposed amendments should be sent to by Friday 9 October.

The exposure draft can now be downloaded in full.


  • Audit and Assurance

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