The objective of the project is to:

• Promote awareness of the revised standard.
• Inform and educate users.
• Open a dialogue to learn about the experiences of those responsible for adopting and implementing the standard.
• Prepare for post-implementation review efforts.

The IAASB’s Audit Evidence and Risk Response project aims to concurrently address revisions to the following ISAs to holistically address the ‘reference framework’ and the ‘performance’ aspects of obtaining and evaluating audit evidence:

The objective of the project is to develop a separate standard for audits of financial statements of Less Complex Entities (LCEs) to address issues and challenges related to complexity, understandability, scalability and proportionality for LCEs.

Objective

Extended External Reporting (EER) Assurance is used to describe engagements to provide assurance on different forms of non-financial reporting, including integrated reporting, sustainability reporting and non-financial reporting about environmental, social and governance matters. This video provides an overview of EER Assurance.

Objective

The project objectives were to:

• Redraft the standard using the clarity drafting conventions so that this standard is consistent with other IAASB International Standards
• Revise the standard to better reflect practice in AUP engagements being undertaken

The objectives of the project were to:

• Propose revisions to ISA 220 to strengthen aspects of quality management for individual engagements by focusing on the identification, assessment and response to quality risks in a broad range of engagement circumstances.
• Propose consequential amendments to other standards that may be necessary as a result of revisions to ISA 220.
• Determine whether non-authoritative guidance and support tools should be developed by the IAASB or others to supplement the revisions or new standard(s).

Objective

The objective of this project were to enhance the requirements and application material in relation to the firm’s engagement quality reviews (EQRs), including:

The project to revise ISA 600, Special Considerations—Audits of Group Financial Statements (Including the Work of Component Auditors) aimed to: 

The IAASB’s public report summarizing the board’s achievements from January 1, 2016 to June 30, 2019, has been released. This period, chaired by Professor Arnold Schilder, was one of great productivity for the board.