JICPA issued six Auditing Standards Committee Statements: No.59-No.63
The Auditing Standards Committee announced, on July 01, 2011, the following six Auditing Standards Committee Statements relating to an auditor's report, 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.
■ Auditing Standards Committee Statements No.59 "Subsequent Events"
■ Auditing Standards Committee Statements No.60 "Forming an Opinion and Reporting on Financial Statements"
■ Auditing Standards Committee Statements No.61 "Modifications to the Opinion in the Independent Auditor’s Report"
■ Auditing Standards Committee Statements No.62 "phasis of Matter Paragraphs and Other Matter Paragraphs in the Independent Auditor’s Report"
■ Auditing Standards Committee Statements No.63 "Comparative Information – Corresponding Figures and Comparative Financial Statements"
■ Auditing Standards Committee Statements No.64 "The Auditor’s Responsibilities Relating to Other Information in Documents Containing Audited Financial Statements"
This series of the recent publication of statements at JICPA corresponds to the Business Accounting Council of the Financial Services Agency's decision, in March 2010, to redraft the accounting standards, particularly such reporting standards that set out the details of an auditor's opinion in an auditor's report, in order to adjust for the main differences with the International Auditing Standards. These statements will be effective for the interim audits starting September 2011, and for audits for the financial year ending in March 2012 and subsequent periods.