The International Auditing & Assurance Standards Board announces the following new appointments and re-appointments:
New Appointments:
Sue Almond, United Kingdom
Julie Corden, Canada
Josephine Jackson, United Kingdom
Re-appointments:
Len Jui, China
Lyn Provost, New Zealand
Re-appointment as Deputy Chair:
Fiona Campbell, Australia
"It is a pleasure to welcome Ms. Almond, Ms. Jackson, and Ms. Corden, now in a permanent capacity, to the International Auditing and Assurance Standards Board. I look forward to the diverse perspectives they will bring to our group of passionate, dedicated volunteers. I am also delighted that Fiona Campbell will serve as Deputy Chair for another year," said Tom Seidenstein, IAASB Chair. " I want to thank Karin French and Marek Grabowski for their steadfast service to our board. Their contributions were invaluable, and we are grateful for their dedication and commitment".
Changes to section 7.2 ‘Professionalism and Ethics within the Firm';
Information on identifying, evaluating and addressing threats; and
Available safeguards to reduce threats to an acceptable level.
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(New York, NY) – The International Auditing and Assurance Standards Board (IAASB) is requesting public comments on its Exposure Draft focused on conforming amendments to the International Standards as a result of the revised International Ethics Standards Board for Accountants’ International Code of Ethics for Professional Accountants (including International Independence Standards) (IESBA Code). Comments are to be received no later than January 10, 2020.
The project aims to align the IAASB’s International Standards with the revisions to the IESBA Code by way of conforming amendments, thus ensuring that the IAASB's International Standards can continue to be applied together with the IESBA Code.
“It is important that the International Standards acknowledge the enhancements made to the IESBA Code and achieve alignment to the fullest extent possible on overlapping issues” said Tom Seidenstein, chair of the IAASB. “Many jurisdictions use both the International Standards and the IESBA Code and it is in the public interest that these be able to operate in concert.”
This project falls under the umbrella of IAASB-IESBA coordination, a strategic commitment of the two Boards, and builds on their overarching commitment for enhanced connectivity and coordination to better serve the public interest.
To add your comments to this timely issue, click HERE.
About the IAASB The IAASB develops auditing and assurance standards and guidance for use by all professional accountants under a shared standard-setting process involving the Public Interest Oversight Board, which oversees the activities of the IAASB, and the IAASB Consultative Advisory Group, which provides public interest input into the development of the standards and guidance. The structures and processes that support the operations of the IAASB are facilitated by the International Federation of Accountants (IFAC). For copyright, trademark, and permissions information, please go to permissions or contact permissions@ifac.org. v
The document provides an overview of the prohibited services, interests, relationships and other actions that apply under the Code when a firm audits a public interest entity. The document is a high-level summary and is not a substitute for reading the Code, which provides details on the application of these prohibitions.
