The
auditor report also said that four companies did not reach fulfilment of 70 percent compulsory farming area despite being paid full loan amounting RM100 million.
In response to stakeholders' dissatisfaction with the current
auditor report, in January 2015, the International Auditing and Assurance Standards Board (IAASB) released its most significant standard, a new International Standard on Auditing (ISA) 701 (1).
The authors surveyed commercial lenders to examine the impact of this explicit clarification for fraud in the
auditor report along four dimensions: general statements, informative value, responsibility, and liability.
Department of the Treasury's Advisory Committee on the Auditing Profession (ACAP) recommended that the PCAOB undertake a standard-setting initiative to consider improvements to the standard
auditor report.
It also voted for and approved the external
auditor report for the same period and discussed and approved the balance sheet and the profit-and-loss statement.
We examine the association between the magnitude of audit and nonaudit fees and
auditor report modification decisions for financially stressed manufacturing companies.
Allegianz's AFS licence was suspended by ASIC for six months in March 2016 for failing to meet its obligations to lodge financial statements and
auditor reports. The financial statements and
auditor report were not lodged during the suspension period, and ASIC cancelled Allegianz's AFS licence on 7 September 2016.
SAS 125 affects any auditor written communication (
auditor report) when, due to circumstances, the auditor restricts the use, of its reports.
No prediction for this combination of manager disclosure and
auditor report. To analyze the effect of auditor reporting on investor pricing, we look at manager disclosure-auditor report pairs of 600/Agree.
The AICPA's Auditing Standards Board (ASB) voted to issue a proposed requirement for an expanded
auditor report that converges with the guidance from the International Auditing and Assurance Standards Board (IAASB).
Lastly, the Act has a provision not covered by SAS 90, which requires that the
auditor report to the audit committee "other material written communications" between the auditor and the client.
* Statement on Auditing Standards (SAS) 82, Consideration of Fraud in a Financial Statement Audit, requires that the independent
auditor report directly to the audit committee any fraud involving senior management and fraud (whether caused by senior management or other employees) that causes a material misstatement of the financial statements.
