Engagement Team - Group Audits Independence


The objectives of the project are two-fold:

(a)       To align the definition of the term “engagement team” in the Code with the revised definition of the same term in proposed ISA 220 (Revised) while ensuring that

            the independence requirements in the IIS are clear and appropriate and apply only to those individuals within the scope of the revised definition who must be

            independent in the context of the particular audit engagement; and

(b)       To revise the IIS so that they are robust, comprehensive and clear when applied in a group audit context, including with respect to independence for non-

            network component auditors. 

The project is focused on audits of financial statements and auditor independence (Part 4A of the Code). The implications for Part 4B of the Code (other assurance

engagements) will be taken into account and addressed as necessary.

Project Contact

Working Group

Project Stages

Board Papers

June 2022

Board Minutes

June 2022 (Available in September 2022)


IESBA November-December 2021 Meeting Highlights

The IESBA approved for exposure:

  • Proposed revisions to the Code’s definition of “engagement team” and the related terms “audit team,” “assurance team” and “review team” as a result of changes to the definition of “engagement team” in the IAASB’s Quality Management standards;
  • Proposed revisions to the International Independence Standards (IIS) to address independence considerations in a group audit; and
  • Proposed conforming amendments to the Code arising from the IAASB’s recently finalized ISA 600 (Revised) and QM standards.

The proposals were developed in close coordination with the IAASB within the established coordination framework of the two Boards.

The Exposure Draft (ED) is expected to be released by the end of January 2022 with a public comment period of 90 days. 


Thank you for your interest in our publications. These valuable works are the product of substantial time, effort and resources, which you acknowledge by accepting the following terms of use. You may not reproduce, store, transmit in any form or by any means, with the exception of non-commercial use (e.g., professional and personal reference and research work), translate, modify or create derivative works or adaptations based on such publications, or any part thereof, without the prior written permission of IFAC.

Our reproduction and translation policies, as well as our online permission request and inquiry system, are accessible on the Permissions Information web page.

For additional information, please read our website Terms of Use. ALL RIGHTS RESERVED.