We invite you to join us for a 30-minute webinar on Wednesday, June 12, 2019 at 10am EST. To join, click the link below to register:
Wednesday June 12th 2019 at 10 a.m. EST
During the webinar, IESBA Member Brian Friedrich will explain IESBA’s vision for the eCode and provide a quick walkthrough to demonstrate the eCode’s structure, key features and functionalities.
This case study examines IPSAS adoption efforts in the Philippines, outlining the country context, structure of government, the accounting and auditing environment in the country, budget process, historical roots and capacity building involved. The case study also provides an executive summary and key takeaways from the Philippines adoption journey that can be useful for other countries.
The IESBA held four global roundtables to obtain stakeholder input on two significant public interest topics – non-assurance services and professional skepticism. The topics are featured in the IESBA’s recently released Proposed Strategy and Work Plan, 2019-2023, Elevating Ethics in a Dynamic and Uncertain World. The roundtables were held in:
Washington, D.C., USA on June 11, 2018
Paris, France on June 15, 2018
Tokyo, Japan on July 12, 2018
Melbourne, Australia on July 16, 2018 (hosted by APESB & NZ XRB)
The IAASB's June 2012 Invitation to Comment: Improving the Auditor’s Reportprovided an indicative direction of the board’s future standard-setting proposals to improve how and what auditors report. Starting on page 9, the ITC featured an illustrative auditor’s report with the IAASB’s suggested improvements, and provided the board’s rationale for them. It also discussed the potential value and impediments of each of the suggested improvements.
At the heart of the suggested improvements is the need for transparency on matters specific to the audited financial statements and the audit that was performed. A proposed new section in the auditor’s report, “Auditor Commentary,” is envisaged to be the mechanism by which auditors may call attention to matters that are, in the auditor’s judgment, likely to be most important to the users’ understanding of the audited financial statements or the audit. There are also suggested improvements with respect to new statements regarding going concern and other information in documents containing the audited financial statements, the description of the responsibilities of the auditor and key features of the audit itself, and enhancement to the format of the auditor’s report.
To further inform this important initiative, the IAASB held three global roundtables in 2012. These events brought together representatives from a broad range of stakeholder groups to share perspectives on the IAASB’s suggested improvements to the auditor’s report.
