Abstract

For information users, the audit report is an extremely important document. While the most important information in this document is opinion, it is also very important that the report offers more information. The audit report format initiated by IAASB and created as a result of the opinions of many parties provides more information to information users. In parallel with this change, the necessary arrangements were made by the Public Oversight Authority in our country and a new report was put into practice. It has been used in our country since the beginning of 2017. The basis of the amendment is the ISA 700 " Forming an Opinion and Reporting on Financial Statements" standard. With the regulation, audit reports started to provide more information to information users in accordance with the standard of ISA 701 “Communicating Key Audit Matters in The Independent Auditor's Report”.