PROPOSED REPORTING
In order to address the requirements of Rule 18, a three tier reporting approach is proposed. Matters will be dealt with as part of the audit opinion, report on other legal requirements included in the report of the independent auditor or as part of a separate assurance report. The regulator has indicated that they require Assurance and so the proposed framework for the separate assurance report is International Standard on Assurance Engagements (ISAE) 3000 Revised, Assurance Engagements Other than Audits or Reviews of Historical Financial Information