International Clarity... Australian Clarity
The International Auditing and Assurance Standards Board (IAASB) has announced that its Clarity project is nearing finalisation. The last group of pronouncements in Clarity format was approved at its recent Board meeting. Subject to amendments to three standards, approval by the Public Interest Oversight Board (PIOB) and a review for consistency, all work on the project has been completed. The Australian Clarity project involves using the international standards, and only making changes to take account of the Australian regulatory environment. So! If you want to check out in advance what the Australian standards (operative from 1 January 2010) will look like, you can access details of the international Clarity project.