The International Auditing and Assurance Standards Board (IAASB) issued narrow-scope amendments to two of its standards.
The IAASB amended International Standard on Auditing (ISA) 700 (Revised), Forming an Opinion and Reporting on Financial Statements, and ISA 260 (Revised), Communication with Those Charged with Governance, a news release said. The amendments will allow auditors to apply the changes made to the ethics code issued by the International Ethics Standards Board for Accountants (IESBA) last month.
"The IESBA code now