IAASB – IESBA Coordination

Objective

To coordinate topics of mutual interests between the IAASB and IESBA, including in particular in relation to the development of the independent Boards strategy and work plans. The IAASB-IESBA Coordination representatives actively monitor the IAASB’s work to determine whether if it has implications for the Code.

The IESBA Coordination Team helps to develop the agenda for the annual IAASB-IESBA Joint Plenary Meeting, and as appropriate recommends conforming or consequential amendments for the Code as a result of the IAASB’s projects.

Summary

IESBA June 2019 Meeting Highlights

The IESBA was briefed on recent IAASB-IESBA coordination activities. Under the leadership of the Boards’ Coordination Liaisons, staff of the IAASB and IESBA jointly developed and implemented a more systematic way to record, inventory and monitor the various coordination work streams. IESBA members exchanged views about the progress made over the last three years with respect to coordination with the IAASB.

The IESBA also received an update on the joint IAASB-IESBA-National Standard Setters (NSS) session which was held in May 2019 in Paris, France. Among other matters, the discussion with the NSS explored how the two Boards might further increase collaboration with the NSS.

The third joint meeting with the IAASB has been scheduled for September 2019.