Audit, Attest, and Quality Control – ASB Comment Letters

The Auditing Standards Board (ASB) has issued the following consultation papers and comment letters to communicate its views and positions on audit, attest, and quality control matters.

Letters to the IAASB

May 15, 2013, ASB comment letter on Consultation Paper: A Framework for Audit Quality
March 20, 2013, ASB comment letter on Exposure Draft: Proposed International Standard on Auditing (ISA) 720 (Revised), “The Auditor’s Responsibilities Relating to Other Information in Documents Containing or Accompanying Audited Financial Statements and the Auditor’s Report Thereon”
October 8, 2012, ASB comment letter on Invitation to Comment: Improving the Auditor's Report
September 16, 2011, ASB comment letter on Consultation Paper: Enhancing the Value of Auditor Reporting: Exploring Options for Change
August 31, 2011, ASB comment letter on Exposure Draft: Proposed International Standard on Assurance Engagements 3000 (Revised), “Assurance Engagements Other Than Audits or Reviews of Historical Financial Information”
June 20, 2011, ASB comment letter on Exposure Draft: Proposed International Standard on Assurance Engagements 3410, “Assurance Engagements on Greenhouse Gas Statements”
June 1, 2011, ASB comment letter on Discussion Paper: The Evolving Nature of Financial Reporting: Disclosure and Its Audit Implications
April 4, 2011, ASB comment letter on Exposure Draft: Proposed IAASB Strategy and Work Program for 2012–2014
September 8, 2010, ASB comment letter on Exposure Draft: Proposed International Standard on Assurance Engagements 3420, “Assurance Reports on the Process to Compile Pro Forma Financial Information Included in a Prospectus”
February 26, 2010, ASB comment letter on Consultation Paper: Assurance on a Greenhouse Gas Statement
June 27, 2008, ASB comment letter on Exposure Draft: Proposed International Standard on Assurance Engagements 3402, “Assurance Reports on Controls at a Third Party Service Organization”
May 20, 2008, ASB comment letter on Exposure Draft: Proposed Revised and Redrafted International Standard on Auditing 402, “Audit Considerations Relating to an Entity Using a Third Party Service Organization”
May 15, 2008, ASB comment letter on Exposure Draft: Proposed International Standard on Auditing (ISA) 265, “Communicating Deficiencies in Internal Control and Related Conforming Amendments to Other ISAs”
April 15, 2008, ASB comment letter on Exposure Draft: Proposed Redrafted International Standard on Auditing (ISA) 710 (Redrafted), “Comparative Information— Corresponding Figures and Comparative Financial Statements”
April 15, 2008, ASB comment letter on Exposure Draft: Proposed Redrafted International Standard on Auditing (ISA) 210, “Agreeing the Terms of Audit Engagements” and Related Conforming Amendments to Other ISAs
March 31, 2008, ASB comment letter on Exposure Draft: Proposed Redrafted International Standard on Auditing (ISA) 520 (Redrafted), “Analytical Procedures”
March 31, 2008, ASB comment letter on Exposure Draft: Proposed Redrafted International Standard on Auditing (ISA) 501 (Redrafted), “Audit Evidence Regarding Specific Financial Statement Account Balances and Disclosures”
February 15, 2008, ASB comment letter on Exposure Draft: Proposed Revised and Redrafted International Standard on Auditing (ISA) 620, “Using the Work of an Auditor’s Expert”
February 15, 2008, ASB comment letter on Exposure Draft: Proposed Redrafted International Standard on Auditing (ISA) 505 (Redrafted), “External Confirmations”
December 31, 2007, ASB comment letter on Exposure Draft: Proposed Redrafted International Quality Control Standard 1, "Quality Control for Firms that Perform Audits and Reviews of Financial Statements, and Other Assurance and Related Services Engagements," and Proposed International Standard on Auditing (ISA) 220 (Redrafted), “Quality Control for an Audit of Financial Statements”
November 30, 2007, ASB comment letter on Exposure Draft: Proposed International Standard on Auditing (ISA) 805 (Revised), "Engagements to Report on Summary Financial Statements”
November 30, 2007, ASB comment letter on Exposure Draft: Proposed International Standard on Auditing (ISA) 706 (Revised), "Emphasis of Matter Paragraphs and Other Matter(s) Paragraphs in the Independent Auditor’s Report”
October 31, 2007, ASB comment letter on Exposure Draft: Proposed International Standard on Auditing (ISA) 530, "Audit Sampling”
October 31, 2007, ASB comment letter on Exposure Draft: Proposed International Standard on Auditing (ISA) 510, “Initial Audit Engagements—Opening Balances”
September 15, 2007, ASB comment letter on Exposure Draft: Proposed International Standard on Auditing (ISA) 500 (Redrafted), “Considering the Relevance and Reliability of Audit Evidence”
September 13, 2007, ASB comment letter on Exposure Draft: Proposed International Standard on Auditing (ISA) 500 (Redrafted), “Considering the Relevance and Reliability of Audit Evidence”
September 13, 2007, ASB comment letter on Exposure Draft: Proposed International Standard on Auditing (ISA) 200 (Redrafted), “Overall Objective of the Independent Auditor, and the Conduct of an Audit in Accordance with International Standards on Auditing”
July 31, 2007, ASB comment letter on Exposure Draft: Proposed International Standard on Auditing (ISA) 250 (Redrafted), “The Auditor’s Responsibilities Relating to Laws and Regulations in an Audit of Financial Statements”
May 30, 2007, ASB comment letter on Exposure Draft: Proposed International Standard on Auditing (ISA) 570, “Going Concern”
April 30, 2007, ASB comment letter on Exposure Draft: Proposed International Standard on Auditing (ISA) 580, “Written Representations”
March 31, 2007, ASB comment letter on Exposure Draft: Proposed International Standard on Auditing (ISA) 560, “Subsequent Events”
May 1, 2006, ASB comment letter on Exposure Draft: Proposed International Standard on Auditing (ISA) 550 (Revised), “Related Parties”
July 31, 2005, ASB comment letter on Exposure Draft: Proposed International Standard on Auditing (ISA) 260, “The Auditor’s Communication with Those Charged With Governance”
May 25, 2005, ASB comment letter on Recommendations on the Use of Specialists
May 17, 2005, ASB comment letter on Exposure Draft: Proposed International Standard on Auditing (ISA) 540, “Auditing Accounting Estimates and Related Disclosures (Excluding Those Involving Fair Value Measurements and Disclosures)”
February 8, 2005, ASB comment letter on Exposure Draft: Proposed International Standard on Auditing (ISA) 230 (Revised), “Audit Documentation," Amendment to ISA 330, "The Auditor’s Procedures in Response to Assessed Risks," Amendment to ISQC 1, "Quality Control for Firms that Perform Audits and Reviews of Historical Financial Information and Other Assurance and Related Services Engagements.
January 14, 2005, ASB comment letter on Exposure Draft: Proposed Policy Statement, “Clarifying Professional Requirements in International Standards Issued by the IAASB” and Consultation Paper: Improving the Clarity and Structure of IAASB Standards and Related Considerations for Practice Statements
April 8, 2004, ASB comment letter on Exposure Draft: Proposed International Standard on Auditing (ISA) 700, “The Independent Auditor’s Report on a Complete Set of General Purpose Financial Statements” ISA 200, “Objective and General Principles Governing an Audit of Financial Statements” Amendment to ISA 210, “Terms of Audit Engagements” and Conforming Amendments

Letters from the Center for Audit Quality (CAQ) to other organizations (including the Public Company Accounting Oversight Board and Securities and Exchange Commission) are available on the CAQ's website.

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