APB REVISES GUIDANCE ON AUDITING COMPLEX FINANCIAL INSTRUMENTS

摘要

The Auditing Practices Board has issued an update of Practice Note (PN) 23 providing interim guidance on 'Auditing Complex Financial Instruments'. An exposure draft of the updated PN 23 was issued for consultation in October 2008.rnResponses to the APB's consultation supported its view that it is helpful to widen the scope of PN 23 to cover other complex financial instruments, as well as derivatives, as many of the audit considerations are the same.