ISSAI Executive Summaries
ISSAI 1700 – Forming an Opinion and Reporting on Financial Statements
This Practice Note provides supplementary guidance on ISA 700 - Forming an Opinion and Reporting on Financial Statements
Level 4: General Auditing Guidelines - General Auditing Guidelines on Financial Audit
Public sector external auditors
ISA 700 deals with the auditor's responsibility to form an opinion on the financial statements as well as with the form and content of auditor’s report issued as a result of an audit of financial statements.
It is written in the context of a complete set of general purpose financial statements and promotes consistency in the auditor's report.
|Scope - Content:||
The Practice Note provides additional guidance for public sector auditors related to
The Appendix of the ISA provides illustrations of auditor's reports on financial statements.
|Author - Committee:||
INTOSAI Professional Standards Committee – Financial Audit Subcommittee
Approved at XXth Congress of INTOSAI, Johannesburg 2010
|Related Documents - Executive Summaries:|
|Related Documents - ISSAI Full Versions:|
|Related Documents - Others:||
ISA 700 is applicable to auditors of public sector entities in their role as auditors of financial statements.
Other related ISA are