Exposure Draft – Proposed Redrafted International Standard on Auditing (ISA) 450 Evaluation of Misstatements identified during the 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 450 “Evaluation of misstatements Identified during the Audit” (ISA 450).

FEE supports ISA 450 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 responses to the questions set out in the proposed document.

 Sylph 070214 ISA 450