IAASB Quarterly Board Meeting - September 19-23, 2016 (Hong Kong, China)

Sep 19 - 23, 2016
Hong Kong

Meeting Summary

IAASB Podcast

IAASB-Podcast-September-23-2016 (37.99 MB)
0:00 to 0:49 Introduction 0:50 to 3:33 Chairman’s overview 3:34 to 8:05 ISA 540 8:06 to 11:29 ISA 315 (Revised) 11:30 to 19:38 Enhancing Audit Quality - Group Audits and Quality Control 19:39 to 22:17 Professional skepticism 22:18 to 22:34 2017-2018 Work Plan consultation 22:35 to 24:46 Agreed-Upon procedures 24:47 to 27:40 Changes in IAASB members, closing remarks and next meeting

Meeting Highlights

IAASB September 2016 meeting highlights-final (83.71 KB)

Agenda

Agenda Timetable

20160919-IAASB-Sept 2016 Meeting Timetable-final (27.5 KB)

Agenda Papers

Agenda Item 1 - Introduction and Opening Remarks

20160919-IAASB-Agenda Item 1-Introduction and Opening Remarks Final (79.16 KB)
20160919-IAASB-Agenda-Item-1A-Minutes and Opening Remarks-June-2016 Draft Public Minutes draft for Board review Marked (239.55 KB)
20160919-IAASB-Agenda-Item-1B-Minutes and Opening Remarks-June-2016 Draft Public Minutes draft for Board review Clean (238.17 KB)
20160919-IAASB-Agenda-Item-1C-Minutes-and-Opening-Remarks-July-2016-Teleconference Draft Public Minutes Marked (60.33 KB)
20160919-IAASB-Agenda-Item-1D-Minutes-and-Opening-Remarks-July-2016-Teleconference Draft Public Minutes Clean (59.93 KB)

Agenda Item 2 - ISA 540

20160919-IAASB Agenda Item 2 ISA 540-Cover-Final (40.77 KB)
20160919-IAASB Agenda Item 2A-ISA 540 Issues-Final (171.08 KB)
20160919-IAASB Agenda Item 2B-ISA 540-Markup final (409.82 KB)
20160919-IAASB Agenda Item 2C-ISA 540-Clean final (351.8 KB)

Agenda Item 3 - ISA 315

20160919-IAASB-Agenda Item 3-ISA 315 Revised Cover Final (73.16 KB)
20160919-IAASB-Agenda Item 3A-ISA 315 Revised Project Proposal final (158.97 KB)
20160919-IAASB-Agenda Item 3B-ISA-315-Revised-Issues-and-Recommendations final (225.34 KB)

Agenda Item 4 - COSO Framework

20160919-IAASB Agenda Item 4 COSO Presentation Cover Final (46.34 KB)
20160919-IAASB Agenda Item 4-A COSO Presentation (393.51 KB)

Agenda Item 5 - Enhancing Audit Quality

20160919-IAASB Agenda Item 5-Enhancing-Audit-Quality-Cover-Final (229.76 KB)
20160919-IAASB Agenda Item 5A-ITC Feedback and Options for Way Forward Final (284.19 KB)
20160919-IAASB Agenda Item 5B-Quality Control EQCR Issues and WG Views (524.2 KB)
20160919-IAASB Agenda Item 5C Group Audits Issues-Final (65.83 KB)
20160919-IAASB Agenda Item 5Supplement-A-Compilation of General Questions Responses (1.62 MB)
20160919-IAASB Agenda Item 5Supplement-B-Compilation of Quality Control Responses (2.66 MB)
20160919-IAASB Agenda Item 5Supplement-C-Compilation of Group Audits Responses (2.5 MB)
20160919-IAASB Agenda Item 5Supplement-D-Compilation of Professional Skepticism Responses (2.04 MB)

Agenda Item 6 - Agreed Upon Procedures

20160919-IAASB-Agenda-Item-6 -Agreed-Upon-Procedures-Cover (71.44 KB)
20160919-IAASB-Agenda-Item-6-A-Agreed-Upon-Procedures-Discussion Paper-Final (196.8 KB)
20160919-IAASB-Agenda-Item-6-B-Agreed-Upon-Procedures-Disposition of Comments (47.87 KB)

Agenda Item 7 - Auditor Reporting

20160919-IAASB Agenda Item 7-Auditor Reporting Cover (48.6 KB)
20160919-IAASB Agenda Item 7-A-Auditor Reporting Feedback FINAL (135.94 KB)
20160919-IAASB Agenda Item 7-B-Auditor Reporting FAQ FINAL (147.67 KB)

Agenda Item 8 - Professional Skepticism

20160919-IAASB Agenda Item 8 -Professional Skepticism Cover Note-final (70.37 KB)
20160919-IAASB Agenda Item 8-A-Professional Skepticism Issues Paper-final (325.67 KB)
20160919-IAASB Agenda Item 8-B-Professional Skepticism Impediments Table (110.56 KB)
20160919-IAASB Agenda Item 8-C-Professional-Skepticism-Straw-Man (40.25 KB)
20160919-IAASB Agenda Item 8-D-Professsional Skepticism Supplemental Reference (89.19 KB)
20160919-IAASB Agenda Item 8-E-Professional Skepticism Forward Looking Timetable (59.79 KB)

Minutes

20161205 IAASB Minutes-and-Opening-Remarks-Sept-2016 Approved Public Minutes (230.93 KB)

Updated Agenda

Agenda Item 2 - ISA 540

20160919-IAASB Agenda Item 2 Supplement to Agenda Item 2 - Turnaround of Key RA and WE paragraphs-Final-v2 (42.65 KB)

Agenda Item 3 - ISA 315

ISA-315-Revised-Project-Proposal Final-September-2016 (159.57 KB)

Audio

Discussion held on September 19, 2016 AM Session

IAASB-Board-Meeting-September-19-2016-AM-Session-Part-I (105.24 MB)
IAASB-Board-Meeting-September-19-2016-AM-Session-Part-II (114.03 MB)
IAASB-Board-Meeting-September-19-2016-AM-Session-Part-III (161.72 MB)
Agenda Item 1 – Opening Remarks Agenda Item 2 – ISA 540 (Issues)

Discussion held on September 19, 2016 PM Session

IAASB-Board-Meeting-September-19-2016-PM-Session-Part-II (179.54 MB)
Agenda Item 2 – ISA 540 (Issues) Agenda Item 3 – ISA 315 (Revised) (Project Proposal) Agenda Item 4 – COSO Framework (Presentation)

Discussion held on September 20, 2016 AM Session

IAASB-Board-Meeting-September-20-2016-AM-Session-Part-I (166.9 MB)
IAASB-Board-Meeting-September-20-2016-AM-Session-Part-II (166.52 MB)
Agenda Item 3 – ISA 315 (Revised) (Issues) Agenda Item 5 – Feedback from ITC Responses and Enhancements (Discussion)

Discussion held on September 20, 2016 PM Session

IAASB-Board-Meeting-September-20-2016-PM-Session-Part-I (85.22 MB)
IAASB-Board-Meeting-September-20-2016-PM-Session-Part-II (131.06 MB)
Agenda Item 5 – Enhancements (Discussion) Agenda Item 5 – Group Audits (Issues)

Discussion held on September 21, 2016 AM Session

IAASB-Board-Meeting-September-21-2016-AM-Session-Part-I (161.12 MB)
IAASB-Board-Meeting-September-21-2016-AM-Session-Part-II (131.47 MB)
IAASB-Board-Meeting-September-21-2016-AM-Session-Part-III (142.19 MB)
Agenda Item 5 – Quality Control (Issues) Agenda Item 7 – Auditor Reporting Implementation (Discussion) Chairman’s remarks

Discussion held on September 22, 2016 AM Session

IAASB-Board-Meeting-September-22-2016-AM-Session-Part-I (104.74 MB)
IAASB-Board-Meeting-September-22-2016-AM-Session-Part-II (110.14 MB)
Agenda Item 6 – Agreed-Upon Procedures (Discussion)

Discussion held on September 22, 2016 PM Session

IAASB-Board-Meeting-September-22-2016-PM-Session-Part-I (169.36 MB)
IAASB-Board-Meeting-September-22-2016-PM-Session-Part-II (171.99 MB)
Agenda Item 8 – Professional Skepticism (Issues)

Discussion held on September 23, 2016 AM Session

IAASB-Board-Meeting-September-23-2016-AM-Session-Part-I (112.35 MB)
IAASB-Board-Meeting-September-23-2016-AM-Session-Part-II (89.26 MB)
Agenda Item 2 – ISA 540 (Issues) Recap Closing Remarks

Presentations

20160911-IAASB Agenda Item 2-ISA 540-September 23 2016 (335.69 KB)
20160919-IAASB Agenda Item 2-ISA 540-Final (757.32 KB)
20160919-IAASB Agenda Item 3-ISA 315 Revised companion slides final standard format (635.21 KB)
20160919-IAASB Agenda Item 4-A COSO Presentation (990.85 KB)
20160919-IAASB Agenda Item 5-B-Quality Control Slides (457.66 KB)
20160919-IAASB Agenda Item Recap-final (518.22 KB)
20160919-IAASB-Agenda Item 5 Enhancing Audit Quality-Presentation v1 1 (539.88 KB)
20160922-IAASB Agenda Item 6-AUP-Board presentation FINAL (561.59 KB)
20160922-IAASB Agenda Item 8-Professional Skepticism Board Presentation-FINAL (736.9 KB)