IAASB Quarterly Board Meeting – March 10-14, 2008 (New York, United States)

Mar 10 - 14, 2008
New York, United States
American Institute of Certified Public Accountants
Additional notes: Location Boardroom

Meeting Summary

March 2008 Meeting Highlights

2008 03 New York Public Session - Approved (95.5 KB)

Agenda

Timetable

Timetable for Public - New York (83.22 KB)

Agenda Papers

Agenda Item 1 - Introduction and Opening Remarks

Pages 555 to 556 - Agenda Item 1 - Introduction and Opening Remarks Cover Sheet (66.83 KB)
Pages 557 to 586 - Agenda Item 1-A - Draft Minutes of Dec 2007 Public Session (131.19 KB)

Agenda Item 1-B - IAASB March Public Session Minutes

2008 03 New York Public Session - Approved (140.34 KB)

Agenda Item 2 - Related Parties

Pages 1 to 12 - Agenda Item 2 - Related Parties Cover Sheet and Issues (112.86 KB)
Pages 13 to 38 - Agenda Item 2-A - Proposed ISA 550 Markup from Washington DC (130.89 KB)
Pages 39 to 64 - Agenda Item 2-B - Proposed ISA 550 Clean (103.39 KB)
Pages 65 to 86 - Agenda Item 2-C - Comparison of First and Second EDs and Proposed Final (136.59 KB)

Agenda Item 3 - Prospectuses

Pages 87 to 88 - Agenda Item 3 - Prospectuses Cover Sheet (73.37 KB)
Pages 89 to 102 - Agenda Item 3-A - Prospectuses Project Proposal (63.05 KB)

Agenda Item 4 - Opening Balances

Pages 103 to 104 - Agenda Item 4 - Opening Balances Cover Sheet (72.42 KB)
Pages 105 to 116 - Agenda Item 4-A - Opening Balances Issues Paper (56.16 KB)
Pages 117 to 126 - Agenda Item 4-B - Proposed ISA 510 Redrafted Mark-up (55.79 KB)
Pages 127 to 136 - Agenda Item 4-C - Proposed ISA 510 Redrafted Clean (43.79 KB)

Agenda Item 5 - Laws and Regulations

Revised Pages 137 to 138 - Agenda Item 5 - Laws and Regulations Cover Sheet (73.17 KB)
Revised Pages 139 to 146 - Agenda Item 5-A - Laws and Regulations - Issues Paper (42.83 KB)
Pages 147 to 160 - Agenda Item 5-B - Proposed ISA 250 Redrafted Mark-up (122.34 KB)
Pages 161 to 172 - Agenda Item 5-C - Proposed ISA 250 Redrafted Clean (55.57 KB)

Agenda Item 6 - IAASB Strategy and Work Program

Pages 173 to 174 - Agenda Item 6 - IAASB Strategy and Work Program Cover Sheet (76.12 KB)
Pages 175 to 194 - Agenda Item 6-A - Strategy and Work Program 2009-2011 (134.41 KB)
Pages 195 to 218 - Agenda Item 6-B - Summary of Significant Comments on Strategy (108.3 KB)

Agenda Item 7 - ISA 200

Pages 219 to 224 - Agenda Item 7 - ISA 200 Cover Sheet (83.4 KB)
Pages 225 to 238 - Agenda Item 7-A - ISA 200 Issues Paper (69.91 KB)
Pages 239 to 264 - Agenda Item 7-B - Revised Draft of Proposed ISA 200 Rev and Redraft Clean (111.29 KB)
Pages 265 to 296 - Agenda Item 7-C - Proposed ISA 200 Rev and Redraft Mark-up from ED (189.69 KB)

Agenda Item 8 - Audit Sampling

Revised Pages 297 to 298 - Agenda Item 8 - Audit Sampling Cover Sheet (84.5 KB)
Revised Pages 299 to 308 - Agenda Item 8-A - Audit Sampling Issues Paper (45.71 KB)
Pages 309 to 326 - Agenda Item 8-B - Proposed ISA 530 Redrafted Mark-up (77.24 KB)
Pages 327 to 342 - Agenda Item 8-C - Proposed ISA 530 Redrafted Clean (59.67 KB)

Agenda Item 9 - Audit Evidence (ISA 500)

Pages 343 to 346 - Agenda Item 9 - ISA 500 Cover Sheet (89.41 KB)
Pages 347 to 354 - Agenda Item 9-A - ISA 500 Issues Paper (51.38 KB)
Pages 355 to 368 - Agenda Item 9-B - ISA 500 Mark up (84.69 KB)
Pages 369 to 382 - Agenda Item 9-C - ISA 500 Clean (66.12 KB)

Agenda Item10 - Internal Audit (ISA 610)

Pages 383 to 384 - Agenda Item 10 - Internal Audit Cover Sheet (73.05 KB)
Pages 385 to 398 - Agenda Item 10-A - Internal Audit Issues Paper (67.38 KB)
Pages 399 to 406 - Agenda Item 10-B - Proposed ISA 610 Redrafted Clean (38.01 KB)
Pages 407 to 416 - Agenda Item 10-C - Proposed ISA 610 Redrafted Mark up (59.38 KB)

Agenda Item11 - Materiality and Misstatements

Pages 417 to 418 - Agenda Item 11 - Materiality and Misstatements Cover Sheet (73.59 KB)
Pages 419 to 432 - Agenda Item 11-A - Summary of Significant Comments ED-ISA 320 450 (63.2 KB)
Pages 433 to 442 - Agenda Item 11-B - ISA 320 Revised and Redrafted (59.92 KB)
Pages 443 to 456 - Agenda Item 11-C - ISA 450 Revised and Redrafted (83.13 KB)
Pages 457 to 464 - Agenda Item 11-D - ISA 320 Revised and Redrafted - CLEAN (42.21 KB)
Pages 465 to 474 - Agenda Item 11-E - ISA 450 Revised and Redrafted - CLEAN (51.47 KB)

Agenda Item12 - Going Concern ( ISA 570 Redrafted)

Pages 475 to 476 - Agenda Item 12 - Proposed ISA 570 Redrafted Cover Sheet (85.28 KB)
Pages 477 to 494 - Agenda Item 12-A - Summary of Significant Comments ED-ISA 570 (86.03 KB)
Pages 495 to 514 - Agenda Item 12-B - Proposed ISA 570 Redrafted Mark-up (115.65 KB)
Pages 515 to 530 - Agenda Item 12-C - Proposed ISA 570 Redrafted Clean (71.53 KB)

Agenda Item13 - Fair Value Audit Guidance

Pages 531 to 534 - Agenda Item 13 - Fair Value Audit Guidance Cover Sheet (91.46 KB)
Pages 535 to 552 - Agenda Item 13-A - FVTF - February 12 Agenda Material (96.84 KB)
Pages 553 - 554 - Agenda Item 13-B - List of Participants - FV Meeting (14.11 KB)

Updated Agenda

Updated Agenda Item 12-C - ISA 570 (Redrafted) (97.09 KB)
Updated Agenda Item 2-B - ISA 550 (Revised and Redrafted) (153.72 KB)
Updated Agenda Item 4-C - ISA 510 (Redrafted) (82.9 KB)
Updated Agenda Item 5-C - ISA 250 (Redrafted) (188.59 KB)

Audio

FRIDAY AM 7 (85.38 MB)
Agenda Item 11 – Materiality (ISA 320) (Run time: 55.38 minutes) Agenda Item 11 – Materiality (ISA 450) (Run time: 22.07 minutes) Agenda Item 4 – Opening Balance (Run time: 50.40 minutes) Agenda Item 5 – Laws and Regulations (Run time: 51.16 minutes
FRIDAY PM 3 (58.03 MB)
Agenda Item 5 – Laws and Regulations (Run time: 50.16 minutes Agenda Item 12 – Going Concern (Run time: 38.07 minutes) Agenda Item 11 – Materiality (ISA 320) (Run time: 29.49 minutes) Closing Comments (Run time: 5.24 minutes)
MONDAY AM 5 (78.56 MB)
Agenda Item 1 – Introduction and Minutes (Run time: 21.00 minutes) Agenda Item 2 – Related Parties (Run time: 2 hours, 28.46 minutes)
MONDAY PM 5 (129.08 MB)
Agenda Item 2 – Related Parties (Run time: 47.29 minutes) Agenda Item 12 – Going Concern (Run time: 3 hours, 13.05 minutes) Agenda Item 5 – Laws and Regulations (Run time: 39.03 minutes)
THURSDAY AM 7 (79.08 MB)
Agenda Item 7 – Overall Objective of the Auditor (ISA 200) (Run time: 2 hours, 02.41 minutes) Agenda Item 9 – Audit Evidence (Run time: 46.00 minutes)
THURSDAY PM 6 (113.96 MB)
Agenda Item 9 – Audit Evidence (Run time: 11.10 minutes) Agenda Item 8 – Sampling (Run time: 1 hour, 02.30 minutes) Agenda Item 3 – Prospectuses (Run time: 1 hour, 20.08 minutes) Agenda Item 2 – Related Parties (Run time: 1 hour, 06.36 minutes) Agenda Item 13 – Fair Value (Run time: 16. 20 minutes)
TUESDAY AM 6 (81.47 MB)
Agenda Item 5 – Laws and Regulations (Run time: 1 hour, 39.23 minutes) Agenda Item 11 – Materiality (ISA 320) (Run time: 1 hour, 16.39 minutes)
TUESDAY PM 6 (114.14 MB)
Agenda Item 11 – Materiality (ISA 320) (Run time: 24.52 minutes) Agenda Item 11 – Materiality (ISA 450) (Run time: 48.06 minutes) Agenda Item 4 – Opening Balance (Run time: 1 hour, 53.19 minutes) Agenda Item 6 – IAASB Strategy (Run time: 59.39 minutes)
WEDNESDAY AM 7 (76.69 MB)
Agenda Item 6 – IAASB Strategy (Run time: 1 hour, 58.43 minutes) Agenda Item 7 – Overall Objective of the Auditor (ISA 200) (Run time: 46.00 minutes)
WEDNESDAY PM 5 (90.22 MB)
Agenda Item 7 – Overall Objective of the Auditor (ISA 200) (Run time: 1 hour, 28.56 minutes) Agenda Item 10 – Internal Audit (Run time: 1 hour, 31.00minutes)