In pursuit of auditing standards that would be clear to auditors around the world, the International Auditing and Assurance Standards Board has issued exposure drafts of existing international standards that have been recast in a clearer form.While the changes do not affect auditors in the U.S., who audit under the standards of the Auditing Standards Board, that board may soon begin a similar clarification process, perhaps following the IAASB model, or perhaps devising its own.
The proposed ISAs were devised under new conventions that base standards on objectives, rather than procedures, and use the word "shall" to consistently identify requirements that auditors must follow. The new conventions also eliminate the use of the present tense to describe auditor actions. Structural improvements make the standards easier to read and understand.
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