14. Upcoming Dates
IAASB Chairman Prof. Arnold Schilder recently spoke during the Association of Chartered Certified Accountants-Grant Thornton Future of Audit conference in Brussels, Belgium. Full text of the speech is available online.
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A series of questions and answers related to the new Auditor's Report is now available from the IAASB Auditor Reporting Implementation Working Group to provide guidance, especially on those areas where there are common differences in interpretation of the new and revised Auditor Reporting standards and International Standard on Auditing (ISA) 720 (Revised).
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Dan Montgomery, Chair of the IAASB's Auditor Reporting Implementation Working Group, recently presented during a virtual training hosted by the World Bank Centre for Financial Reporting Reform. The training and Mr. Montgomery's presentation covered the enhancements to the IAASB's standards resulting from the IAASB's auditor reporting project and provided insights from early adoption.
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A new Discussion Paper explores agreed-upon procedures (AUP), including how they are undertaken and the extent to which practitioners find existing requirements and guidance helpful or challenging. It also explores the demand for engagements that combine reasonable assurance, limited assurance, and non-assurance engagements, and whether the IAASB's standards are appropriate for these types of engagements.
Comment by March 29, 2017 »
In response to the rapidly changing pace of technology and the capability to capture and communicate data digitally, the IAASB's Data Analytics Working Group issued a Request for Input, Exploring the Growing Use of Technology in the Audit, with a Focus on Data Analytics.
Comment by Feb. 15, 2017 »
The Discussion Paper is intended to facilitate transparent dialogue about the IAASB’s potential role and where others can or need to play a role in the holistic and interactive process to support credibility and trust in emerging forms of external reporting. It explores factors that can enhance credibility and trust, types of professional services covered by the IAASB’s standards, key challenges in relation to assurance engagements, and the type of guidance that may be helpful. Please note, the deadline for comments has been extended.
Comment by Feb. 3, 2017 »
The IAASB, Compagnie Nationale des Commissaires aux Comptes, and Conseil Supérieur de l'Ordre des Experts-Comptables are co-hosting an important two-way dialogue between standard setters and other interested stakeholders (including practitioners) on the needs and challenges of small- and medium-sized practices (SMPs). The two-day conference, Laying the Foundations for Sustainable Economic Growth: Addressing the Unique Challenges of SMPs and the Needs of SMEs, will be held in Paris in late January 2017. Day one will focus on the needs of users in relation to engagements that are not audits; day two will focus on applying the ISAs in audits of small- and medium-sized entities.
ISA 250 (Revised), Considerations of Laws and Regulations in an Audit of Financial Statements, and conforming amendments to other standards, were released in October 2016. The standards respond to new requirements in the International Ethics Standards Board for Accountants’ Code of Ethics for Professional Accountants addressing non-compliance with laws and regulations (NOCLAR).
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IAASB Acting Technical Director Beverley Bahlmann hosts the September 2016 audio podcast, featuring Chairman Arnold Schilder and IAASB Members Fiona Campbell, Annette Köhler, Ron Salole, Rich Sharko, and Megan Zietsman to discuss key activities and events from the board's September 19-23, 2016, meeting in Hong Kong. Meeting highlights are also available.
Listen Now »
The IAASB has continued its extensive outreach program contemplated in its five-year Strategy for 2015–2019: Fulfilling Our Public Interest Mandate in an Evolving World. It has compiled a detailed listing of outreach activities for January-November 2016.
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The IAASB met last week (December 5-9, 2016) in New York, NY; meeting papers are available online. Meeting highlights and podcase will be available soon.
The Call for Nominations for the Independent Standard-Setting Boards for 2018 has been issued, setting out upcoming opportunities on the independent standard-setting boards, including the IAASB. Details on time commitments, how to nominate, and more are included in the Call and the companion Developing a Nominations Strategy.
The International Federation of Accountants (IFAC) recently published comprehensive profiles of member organizations and the jurisdictions in which they operate online. The in-depth information demonstrates the widespread use of international standards, including those issued by the IAASB, and efforts to encourage adoption and advance implementation.
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- December 20, 2016: IAASB Handbook (electronic vol. 1; vol. 2 & 3 and print version available in January 2017)
- January 31 & February 14, 2017: IAASB Teleconferences
- March 13-17, 2017: IAASB Meeting, Lima, Peru
- May 2 & May 18, 2017: IAASB Teleconferences
- June 19-23, 2017: IAASB Meeting, New York, New York
- July 18 & August 1, 2017: IAASB Teleconferences
- September 18-22, 2017: IAASB Meeting, New York, New York
- October 24-26, 2017: IAASB Meeting, New York, New York
- November 7, 2017: IAASB Teleconference
- December 11-15, 2017: IAASB Meeting, New York, New York