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TITLE: MF17/2018: Updated Malaysian Approved Standards

DATE: 08/08/2018

8 August 2018
Circular No. MF17/2018



The Malaysian Approved Standards on Quality Control, Auditing, Review, Other Assurance and Related Services (Malaysian Approved Standards) are adopted on a timely basis from the International Standards (IS) issued by the International Auditing and Assurance Standards Board (IAASB). When a new or revised Standard is issued by the IAASB, the said Standard may result in conforming amendments or revision to another Standard. When the IAASB issues its Handbook, the Standards are updated for these changes to enhance their readability. There is no significant change to the Standards taken as a whole.

Accordingly, the Institute is updating the Malaysian Approved Standards to enhance the readability of the Standards. The exercise is being carried out on a staggered basis. The Institute has recently approved the following updated Standards:

  • ISA 700 (Revised), Forming an Opinion and Reporting on Financial Statements
  • ISA 701, Communicating Key Audit Matters in the Independent Auditor’s Report
  • ISA 705 (Revised), Modifications to the Opinion in the Independent Auditor’s Report
  • ISA 706 (Revised), Emphasis of Matter Paragraphs and Other Matter Paragraphs in the Independent Auditor’s Report
  • ISA 710, Comparative Information—Corresponding Figures and Comparative Financial Statements
  • ISA 720 (Revised), The Auditor’s Responsibilities Relating to Other Information in Documents Containing Audited Financial Statements
  • ISA 800 (Revised), Special Considerations—Audits of Financial Statements Prepared in Accordance with Special Purpose Frameworks
  • ISA 805 (Revised), Special Considerations—Audits of Single Financial Statements and Specific Elements, Accounts or Items of a Financial Statement
  • ISA 810 (Revised), Engagements to Report on Summary Financial Statements

The changes of substance from the previous issued Standard are addressed in the foreword of each Standard.

Members can download the updated Malaysian Approved Standards from the Institute's website at www.mia.org.my under Professional Practices and Technical / Auditing and Assurance / Standards.

Please be guided accordingly.

Chief Executive Officer

Description: IAASB Handbook ISA 700 (Revised)
⇓ Download
Format: PDF
Size: 783 KB

Description: IAASB Handbook ISA 701
⇓ Download
Format: PDF
Size: 521 KB

Description: IAASB Handbook ISA 705 (Revised)
⇓ Download
Format: PDF
Size: 567 KB

Description: IAASB Handbook ISA 706 (Revised)
⇓ Download
Format: PDF
Size: 466 KB

Description: IAASB Handbook ISA 710
⇓ Download
Format: PDF
Size: 751 KB

Description: IAASB Handbook ISA 720 (Revised)
⇓ Download
Format: PDF
Size: 474 KB

Description: IAASB Handbook ISA 800 (Revised)
⇓ Download
Format: PDF
Size: 620 KB

Description: IAASB Handbook ISA 805 (Revised)
⇓ Download
Format: PDF
Size: 661 KB

Description: IAASB Handbook ISA 810 (Revised)
⇓ Download
Format: PDF
Size: 512 KB