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Our Financial Reporting Expert Group helped us to respond to Financial Reporting Council's (FRC) call for comment on the IAASB's exposure draft of revised auditing standard on the auditor’s responsibilities. We noted that the impact of the revised standard on our members should not be great given that most of the changes were already anticipated by the FRC last year when it revised ISA 720 (UK and Ireland).

Click here to read the response (pdf)

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