ASA 250 Consideration of Laws and Regulation and Regulations in an Audit of Financial Report has been revised to reflect the new NOCLAR ethical rules. There are new responsibilities for auditors that will need to be incorporate into audit planning and execution as well increased communications with governance. In this session, we will look at:
- NOCLAR changes in ASA 250
- See how they affect the audit and the client
- Refreshing your existing knowledge of ASA 260, and
- Steps needed for implementation.