TO ALL MEMBERS OF THE INSTITUTE
This newsletter has been prepared to provide an overview to members in one financial reporting related area and one audit related area, following receipt of members’ queries through ICPAC’s technical support service on matters relating to International Financial Reporting Standards (IFRS) and International Standards on Auditing (ISAs). In particular, the following two areas gathered the most queries by members:
- IFRS 16 Leases - Identifying a lease
- ISA 705 (Revised) Modifications to the Opinion in the Independent Auditor’s Report
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