This consultation paper seeks views on a number of matters that require consideration in relation to the IAASB's plans to develop guidance relating to auditing complex financial instruments by revising its extant International Auditing Practice Statement (IAPS) 1012, Auditing Derivative Financial Instruments. It incorporates recent work of the UK's Auditing Practice Board on the same topic, and asks specific questions about how that guidance might be adapted or supplemented for application in the international context.
Comments due to the IAASB by 10 January 2010.