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IAASB: Supplemental Guidance re ISA for LCE – Auditor Reporting
- 30 August 2024
- Auditing and Assurance
- South African Accounting Academy
Meant to be read with the ISA for LCE, this supplemental guidance provides assistance for auditors about modifications to the auditor’s report when using the ISA for LCE.
It also includes information on using emphasis of matter and other matter paragraphs, reporting on other information, and reporting on a material uncertainty related to going concern.
Additionally, the guidance features 8 illustrative auditor’s reports in the Appendix, including examples of adverse opinions, disclaimer of opinion, and opinions when there is a material uncertainty related to going concern.
You can access the IAASB robust toolkit of materials to navigate the ISA for LCE, including videos and webinars at www.iaasb.org/ISAforLCE
Click here to download the 34-page Guidance Document:
Relevance to Auditors, Independent Reviewers & Accountants:
- Auditors, Independent Reviewers and Accountants should also be aware of the latest publications issued by regulators and standard-setting boards, such as the IAASB.
- In conducting an audit in accordance with ISAs, auditors are required to comply with all the requirements that are relevant to the latest standards, as well as proposed amendments.
- The guide provides assistance for auditors about modifications to the auditor’s report when using the ISA for LCE.