QCA Response to the FRC's Consultation on Revision to ISA 700

Our Financial Reporting Expert Group contributed to our response to the Financial Reporting Council's consultation on the Revision to ISA 700.

Our Financial Reporting Expert Group contributed to our response to the Financial Reporting Council's consultation on the Revision to ISA 700. We noted that we were supportive of the proposals, but that we had some concerns on materiality and how the concept is applied in the standard.