Exposure Draft – Proposed Redrafted International Standard on Auditing (ISA) 320 (Revised) – Materiality in Planning and Performing an Audit

FEE (Fédération des Experts Comptables Européens – European Federation of Accountants) is pleased, as the representative organisation of the European accountancy profession, to comment on the Exposure Draft – Proposed Redrafted International Standard on Auditing 320 (Revised) “Materiality in Planning and Performing an Audit” (ISA 320).

FEE supports ISA 320 as it is an improvement on the existing standard. We believe, however, that our comments which follow would further enhance the standard. This letter also includes our response to the questions set out in the proposed document.

 Sylph 070214 ISA 320 (Revised)