During its June 2015 meeting, the IAASB hosted a panel discussion on the topic of professional skepticism.
IAASB member Annette Köhler, who chairs the Professional Skepticism Working Group, introduced the topic. The panel was comprised of:
Jeremy Justin, Canadian Public Accountability Board’s Representative on the Forum of Independent Audit Regulators Standards Coordination Working Group;
Helen Munter, Division of Registration and Inspections, US Public Company Accounting Oversight Board;
Doug Prawitt, Glen Ardis Professor of Accountancy, Brigham Young University; and
Cindy Fornelli, Executive Director, Center for Audit Quality.
Prof. Köhler and each panelist gave a brief presentation and offered opening remarks, which were followed by a discussion period.
The purpose of the discussion was to:
Provide IAASB members with a further understanding of the issues related to auditors’ application of professional skepticism in the context of a financial statement audit and raise questions with experts in this area; and
Consider how best to address concerns that have been raised about auditors' application of professional skepticism in audits of financial statements and planned next steps.
International Standards on Auditing™ (ISA™) Module PowerPoint presentations (12 sets of slides)
Las presentaciones PowerPoint del Módulo ISA están diseñados para promover el conocimiento y la comprensión de las ISA. Explican los principios clave de las ISA y cambios importantes, ISA individuales, incluyendo las implicaciones para las auditorías de pequeñas y medianas empresas (PYME) y podrán ser de utilidad en relación con las actividades de aplicación de las ISA o para actividades de formación.
Staff Questions & Answers – Professional Skepticism in an Audit of Financial Statements
Esta publicación de preguntas y respuestas del personal del IAASB se centra en los requisitos y material de aplicación de las Normas Internacionales de Auditoría (ISA) y estándares de control de calidad del IAASB que son de particular relevancia para la comprensión y aplicación adecuada de escepticismo profesional durante una auditoría de estados financieros. Además, la publicación proporciona respuestas respecto a lo que las firmas de auditoría y los auditores pueden hace
In this audio podcast, hosted by IAASB Technical Director Kathleen Healy, Chairman Arnold Schilder, Deputy Chair Chuck Landes, and IAASB members Brendan Murtagh and Megan Zietsman provide an overview of activities conducted during the IAASB’s June 15-19, 2015, meeting in New York.
:05 - Introduction
:31 - Chairman's Overview
2:51 - Approval of NOCLAR Exposure Draft
4:37 - ISA 810 approval of Exposure Draft, ISA 800 and 805 review
5:21 - Quality Control and Group Audits
8:56 - Agreed-upon Procedures, Integrated Reporting, and Professional Skepticism.
The International Ethics Standards Board for Accountants’ Code of Ethics for Professional Accountants (the IESBA Code) had been revised to address the professional accountant’s responsibility in relation to NOCLAR and became effective on July 15, 2017. The objective of the IAASB’s project to address NOCLAR were to:
The objective of this project were to develop amendments to ISA 810, Engagements to Report on Summary Financial Statements to explain how the enhancements resulting from the new and revised Auditor Reporting standards apply to engagements to report on summary financial statements.
At its upcoming meeting on June 15–19, 2015, the IAASB will discuss matters related to the International Ethics Standards Board for Accountants’® (IESBA®) proposals related to responding to non-compliance with laws and regulations (NOCLAR).
The IESBA’s proposals are open for comment through September 4, 2015.
During the June 15 meeting, the IAASB will be asked to consider and approve a project proposal, as well as the proposed amendments to the international standards. If approved, it is anticipated that these proposed amendments will be issued in July 2015 and exposed for a period of 90 days.
The IAASB Consultative Advisory Group will discuss the topic at a special teleconference to be held on June 10, 2015. Due to the limited nature of these proposed changes, the IAASB is unlikely to hold a public forum, roundtable or other initial information-gathering activities. Rather, stakeholders are encouraged to respond to the exposure draft when issued and, if considered necessary, provide feedback to IAASB staff in advance of the upcoming meeting.
