This report reviews the first-year implementation of the IAASB's revised auditor reporting standards. The standards provide better information for investors and encourage improvements throughout the financial reporting chain. The Association of Chartered Certified Accountants (ACCA) is a global body for professional accountants, offering business-relevant qualifications to people of application, ability, and ambition around the world. The report finds that the IAASB's changes have had a positive impact on the audit process, providing more comprehensive and relevant information to stakeholders. The report also highlights the importance of continuing to monitor and improve the implementation of the standards.
