14 February 2007 — Consultation Response
FEE (FÃ©dÃ©ration des Experts Comptables EuropÃ©ens â 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 âEvaluation of misstatements Identified during the Auditâ (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.