QCA Response to FRC Invitation to Comment on the IAASB Exposure Draft on Reporting on Audited Financial Statements

21st November 2013

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Our Financial Reporting Expert Group advised on our response to the Financial Reporting Council's invitation to comment on the IAASB's Exposure Draft on Reporting on Audited Financial Statements, which proposes changes for the auditor's report and more. In our response, we urge the Financial Reporting Council (FRC) to highlight and suggest to the IAASB the possibility of applying any standards for enhanced auditor reporting only to the largest listed companies (consistently with the FRC itself including only the audit reports on companies that comply with the UK Corporate Governance Code within the scope of some of its requirements).

Click here to download our response (pdf)

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