IMPLICATIONS OF THE CURRENT EXPOSURE DRAFT ON AUDIT REPORTING

The regulatorychangescome asa response toperceiveddeficienciesin the postfinancial crisis, and their goal isto improveusers' perception oftheusefulness and quality ofthe audit report.The article approaches thesubject of theseproposals to revise thestandardsand their implicationsfor the audit report. The article isdivided into fiveparts:the firstpartthe authors presenta briefintroduction to thesubject matter; the secondpart presentsthe research methodology; the thirdpartthe authors presenta reviewof the literatureresearch;the fourth section presentsan analysis of theresponsesofEUrespondentsto the Exposure Draftissued by theIAASBin July2013 andthe last partthe authors presentresearchfindings, limitations andperspectives.