What the document covers
The bulletin introduces enhanced auditor reporting for the 2016 implementation period. It focuses on communicating key audit matters and difficult going-concern assessments.
Specific requirements and implications
Selection begins with matters communicated to those charged with governance, then narrows to those requiring significant attention and greatest significance. Preliminary discussions can start early, but the final selection must reflect the completed audit and evidence obtained. The bulletin also addresses going-concern cases where judgement is close even without a material uncertainty. Boilerplate descriptions or simply carrying forward last year's list do not explain why a matter mattered in the current engagement.
Official source
A concise, independent Apex Gateway guide based on the official English source, not a reproduction of the complete document. Consult the original for full conditions, exceptions and subsequent updates.
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