The International Ethics Standards Board for Accountants (IESBA) invites stakeholders to join one of two global webinars it will be holding on its recently released Exposure Draft, Proposed Revisions to the Code Relating to the Definition of Engagement Team and Group Audits.
The webinars are scheduled as follows:
- April 11, 2022, from 10:00-11:30 am Eastern Time.
- April 19, 2022, from 10:00-11:30 am Greenwich Mean Time.
Each webinar will include an opportunity for stakeholders to participate in a questions and answers session. The first webinar will be presented by Ms. Caroline Lee, IESBA Deputy Chair and Chair of the IESBA’s Engagement Team – Group Audits Independence (ET-GA) Task Force, and Ms. Denise Canavan, former IESBA Technical Advisor and member of the ET-GA Task Force. The second webinar will be presented by Ms. Caroline Lee and Mr. Andrew Pinkney, IESBA Technical Advisor and member of the ET-GA Task Force. Both webinars will be held on Zoom.
The proposals in the Exposure Draft establish provisions that comprehensively address independence considerations for firms and individuals involved in an engagement to perform an audit of group financial statements. The proposals also address the independence implications of the change in the definition of an engagement team―a concept central to an audit of financial statements―in the International Auditing and Assurance Standards Board’s (IAASB) International Standard on Auditing (ISA) 220, Quality Management for an Audit of Financial Statements. The proposals were developed in close coordination with the IAASB’s group audits and quality management projects.
The webinars will be held in English and available on YouTube.