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The IAASB’s Exposure Drafts for Quality Management at the Firm and Engagement Level, Including Engagement Quality Reviews

Overall Explanatory Memorandum
IAASB
| Exposure Drafts and Consultation Papers
English
All available Translation:
Comments due by:

The IAASB is seeking public comment on three interrelated standards that address quality management. The proposals change the way professional accountancy firms are expected to manage quality—for audits, reviews, and other assurance and related services engagements.

This memorandum explains the significant issues common to the three exposure drafts. It also gives details about the proposed effective dates and implementation periods. This memorandum should be read in conjunction with the explanatory memorandums for each of the three proposed standards.

Respondents are asked to respond separately to this overall explanatory memorandum and each of the exposure drafts. We request that comment letters do not include tables as they are incompatible with the software we use to help analyze respondents’ comments.

Exposure Drafts

 
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Respondents are requested to use the above Response Template to submit their comments.
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Submitted Comment Letters

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  2.  (Belgium)
  3.  (Finland)
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  6. Crowe Global (2.44 MB)
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  8. CAS INTERNATIONAL (334.05 KB)
     (Malaysia)
  9. SRA (126.55 KB)
     (Netherlands)
  10.  (South Africa)
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  12.  (United Kingdom)
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  15. PwC (609.37 KB)
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  16. MAZARS (957.76 KB)
     (France)
  17. NASBA (195.57 KB)
     (United States of America)
  18. ETY sas (752.73 KB)
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  20.  (South Africa)
  21.  (France)
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  23.  (China)
  24. KPMG IFRG Limited (162.56 KB)
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  25. EXPERTsuisse (232.73 KB)
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  26. CEAOB (150.58 KB)
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