JICPA issued four Auditing Standards Committee Statements
March 30, 2010
The Auditing Standards Committee announced, on February 23, 2010, the following four Auditing Standards Committee Statements, re-drafted as part of JICPA responses to the Clarity Project of the International Auditing and Assurance Standards Board (IAASB) of International Federation of Accountants. The effective dates of the standards may be reconsidered in the future by taking into account the progress on re-drafting other Auditing Standards Committee Statements, and adoption of International Standards on Auditing (ISAs) in other jurisdictions.
• Auditing Standards Committee Statements No.41"Special Considerations -Audits of Group Financial Statements (Including the Work of Component Auditors)" (Interim report)
• Auditing Standards Committee Statements No.42 "Materiality in Planning and Performing an Audit" (Interim report)
• Auditing Standards Committee Statements No.43 "Evaluation of Misstatements Identified During the Audit" (Interim report)
• Auditing Standards Committee Statements No.44 "Auditing Accounting Estimates, Including Fair Value Accounting Estimates, and Related Disclosures" (Interim report)