Participants also suggested that the one-page audit opinion should be replaced with tiered reporting of audit results, where firms can obtain the level of assurance they desired.
The single-page audit had been in place many years but participants wanted something more flexible like a tiered reporting option.
mnli hypothesis: The single-page audit had been in place many years but participants wanted something more flexible like a tiered reporting option. premise: Participants also suggested that the one-page audit opinion should be replaced with tiered reporting of audit results, where firms can obtain the level of assurance they desired.