When the Auditing Standards Board met back in August, its discussions were appropriate for a mid-to-late summer session - relatively quiet, with no pronouncements issued, no exposure drafts, just some pensive ponderings on progress soon to come.While topics included communication, clarity and auditor reports, and although it did not reach any decisions, the board felt that the roundtables could eventually lead to broad and substantive changes in the nature and form of information relating to audits.
The project on communication is a proposed amendment of Statement of Auditing Standards 61, Communication with Audit Committees. An exposure draft was approved at the board's previous meeting, but at press time had not reached the end of its comment period.
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