Santosh ChoudharySantosh Choudhary asked 1 year ago

Whether Illustrations of Auditor’s Reports given in Appendix of SA 570 (Revised) are applicable in respect of audits of F.Y. 2017-18?

1 Answers
RaviRavi Staff answered 1 year ago

The audit reports for audits of F.Y. 2017-18 are to be issued as per the applicable format of auditor’s report prescribed by extant SA 700, SA 705, SA 706 and the illustrative formats given in Appendix of SA 570 (Revised) make reference to new/Revised SAs, i.e. SA 700 (Revised), SA 701, SA 705 (Revised) & SA 706 (Revised) which are not applicable for audits of financial year 2017-18. Therefore, Illustrations of Auditor’s Reports given in SA 570 (Revised) are not applicable in respect of audits of F.Y. 2017-18.

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