Auditing and Assurance: Changes, Impact and Practices

Running Head: AUDITING AND ASSURANCE
Auditing and Assurance
Name of the Student:
Name of the University:

AUDITING AND ASSURANCE
Table of Contents
Introduction......................................................................................................................................3
Key changes.....................................................................................................................................4
Similarities and Differences............................................................................................................5
Reasons/Motivation.........................................................................................................................6
Impact and changes in Audit practices............................................................................................6
Conclusion.......................................................................................................................................8
References........................................................................................................................................9

AUDITING AND ASSURANCE
Introduction
The assessment titled with the study of “Auditing and Assurance services” deals with the
study of Auditing reports and changes over the years. The assessment highlights the differences
and similarities between the standards of IIASB and PCAOB in terms of different categories and
audit matters. The reason behind the auditing report change and its new format are illustrated
with a diagram in the assessment. The impact of changes to auditor reporting on auditor practice
is discussed in brief. Lastly, the assessment provides an important component and knowledge of
audit reporting practices.