The Responsibilities of the Auditors
The Auditors' Responsibilities
Paragraph 40(c) of ISA 700 (revised) Forming an opinion and reporting on financial statements allows for the location of the description of the auditor’s responsibilities for the audit of the financial statements to be “By a specific reference within the auditor’s report to the location of such a description on a website of an appropriate authority, where law, regulation or national auditing standards expressly permit the auditor to do so. (Ref: Para. A49, A51–A52)”. Auditors are permitted to make reference to ICAB’s website in their reports for this purpose.