ISA (NZ) 705 Modifications to the Opinion in the Independent Auditor’s Report

  • Auditing
  • Archived Standards

This Standard deals with the auditor’s responsibility to issue an appropriate report in circumstances when, in forming an opinion in accordance with ISA (NZ) 700 (Revised), the auditor concludes that a modification to the auditor’s opinion on the financial statements is necessary.


Effective for audits of financial statements for periods as indicated. Also applies to subsequent annual reporting periods until that standard is superseded by a new/amended/revised standard. 

  • ISA (NZ) 705 – Periods beginning on or after
    1 Apr 2014

    Date of issue: Jul 2011 Date compiled: 28 Feb 2014
  • Amending Standard – Periods ending on or after
    15 Dec 2016

    Date of issue: Sep 2015
    Additional material: Directors responsibilities explanation – 1 Sep 2015
  • ISA (NZ) 705 – Periods ending on or after
    15 Dec 2016

    Date of issue: Jul 2011 Date compiled to: 30 Sep 2015
  • ISA (NZ) 705 – Periods beginning on or after
    1 Jul 2014

    Date of issue: Jul 2011 Date compiled to: 31 Dec 2013
    Additional material: Mark up of compiled ISA (NZ) 705
  • ISA (NZ) 705 – Periods beginning on or after
    11 Sep 2011

    Date of issue: Jul 2011 Date compiled to: 1 Jul 2011
    Additional material: Comparison to ISA 705