Addressing Disclosures in the Audit of Financial Statements–Revised ISAs and Related Conforming Amendments aims at focusing auditors on disclosures throughout the financial statement audit.
IAASB Chairman Arnold Schilder was a featured speaker at the HLBI International Audit Conference in Amsterdam, the Netherlands. Prof. Schilder discussed key IAASB initiatives, including auditor reporting, enhancing audit quality, and the IAASB 2015-2016 work plan.
During its June 2015 meeting, the IAASB hosted a panel discussion on the topic of professional skepticism. IAASB member Annette Köhler, who chairs the Professional Skepticism Working Group introduced the topic. The panel was comprised of:
Cindy Fornelli, Executive Director, Center for Audit Quality;
Jeremy Justin, Canadian Public Accountability Board’s Representative on the Forum of Independent Audit Regulators Standards Coordination Working Group;
Helen Munter, Division of Registration and Inspections, US Public Company Accounting Oversight Board, and
Doug Prawitt, Glen Ardis Professor of Accountancy, Brigham Young University.
Prof. Köhler and each panelist gave a brief presentation and offered opening remarks, which were followed by a discussion period.
