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IAASA’s thematic review – quality of audit evidence and audit procedures performed on the financial statement disclosures

IAASA has today published a thematic report outlining its key messages and recommendations for auditors, relating to the area of audit evidence and procedures performed on the financial statement disclosures, available at the following link.

The report highlights the key trends arising from IAASA’s last three inspection cycles (2020 to 2022), in particular:

  • the number of PIE audit file inspections resulting in findings and recommendations in this area;
  • the number of findings and recommendations relating to this area; and
  • the common auditing standard requirements relating to the respective findings and recommendations raised in this area.

IAASA’s YouTube channel also includes a video that outlines the key messages and recommendations of the thematic review , the video is available below.