AICPA Auditing Standards Board Aims to Enhance Relevance and Usefulness of Auditor’s Reports

The AICPA Auditing Standards Board (ASB) has released three exposure drafts for comment that seek to enhance the relevance and usefulness of the auditor’s report.

The ASB considered reporting projects by the International Auditing and Assurance Standards Board (IAASB) and the Public Company Accounting Oversight Board (PCAOB).

The provisional effective date of the exposure drafts will not be earlier than for audits of financial statements for periods ending on or after June 15, 2019.

Interested parties are invited to comment on the three exposure drafts by May 15, 2018.