Scope of audit
Paragraph 16 of ISA (UK and Ireland) 700 allows an auditor's report to cross refer to a "Statement of the Scope of an Audit" that is maintained on the FRC's web-site.
On 26 March 2009 two such "Statements of the Scope of an Audit" were posted to the APB's web-site. One applied to publicly traded companies and the other applied to non-publicly traded companies for auditor's reports of financial statements of companies incorporated in the United Kingdom for periods beginning on or after 6 April 2008 and ending on or after 5 April 2009.
On 1 December 2010 these two statements were superseded by a single "Statement of the Scope of an Audit" which can be used for auditor's reports of financial statements of all UK private sector entities for periods ended on or after 15 December 2010.
On 12 October 2012 a statement applicable to Irish entities was posted to the FRC's web-site.