The IAASB recognizes the global call for action to address issues of complexity, length, understandability, scalability, and proportionality related to using the ISAs. Continuing the debate on these strategic issues, the Discussion Paper explores how the IAASB, and others, could further support auditors working in increasingly evolving environments.
The IAASB welcomes input from all interested stakeholders as we chart an appropriate way forward. The consultation will remain open until September 12, 2019. French and Spanish translations will be available on the IAASB’s website in mid-May.
Furthering the Debate on Applying the ISAs in Audits of Less Complex Entities
Exploring Possible Options to Address the Challenges in Applying the ISAs
The IAASB seeks to further understand the challenges of using ISAs in audits of less complex entities—and views about possible actions to address these challenges. It recognizes the global call for action to address issues of complexity, length, understandability, scalability, and proportionality related to using the International Standards on Auditing. Continuing the debate on these strategic issues, this Discussion Paper explores how the IAASB, and others, could further support auditors working in increasingly evolving environments.
The International Standard on Auditing (ISA) 540 (Revised) Implementation Working Group has developed two flowcharts and a diagram to support the understanding, and effective implementation, of the standard.
Exposure Draft, International Standard on Quality Management 1, Quality Management for Firms that Perform Audits or Reviews of Financial Statements, or Other Assurance or Related Services Engagements
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Translated by: Instituto Mexicano de Contadores Públicos, A.C.
This webcast series on the IAASB’s proposed quality management standards provide a detailed overview of the proposals. The webcasts also include questions and answers sessions on the proposals.
