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International News
New Quality Management Implementation Guides Available
14 Jun 2021
The International Auditing and Assurance Standards Board (IAASB) released two guides to help stakeholders implement its suite of quality management standards.
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International News
IAASB Quality Management Webinar Series
31 May 2021
The IAASB will be hosting a series of free webinars on the recently issued International Standard on Quality Management (ISQM) 1, Quality Management for Firms that Perform Audits or Reviews of Financial Statements, or Other Assurance or Related Services Engagements.
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International News
Comments Sought on Conforming Amendments to the IAASB’s Other Standards and Framework due to the New and Revised Quality Management Standards
08 Apr 2021
The International Auditing and Assurance Standards Board (IAASB) issued its exposure draft (ED) addressing changes in some of its standards and framework resulting from the new and revised quality management standards that were issued in December 2020.
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International News
Comments Sought on IAASB’s Discussion Paper on Fraud and Going Concern in an Audit of Financial Statements
11 Nov 2020
The IAASB issued a Discussion Paper (DP) titled Fraud and Going Concern in an Audit of Financial Statements: Exploring the Differences Between Public Perceptions About the Role of the Auditor and the Auditor’s Responsibilities in a Financial Statements Audit.
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International News
Organizations’ Audit Committees Must Rise To the Challenges of the ‘New Normal’
07 Jul 2020
As organizations confront the immediate and longer-term implications of COVID-19, The Institute of Internal Auditors (IIA) and the International Federation of Accountants (IFAC) today issued a call to action for audit committees to ensure objective oversight of organizational activities, including risk management, performance, controls, and key processes.
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International News
Comments Sought on IAASB’s Exposure Draft on Proposed Non-Authoritative Guidance: Extended External Reporting (EER) Assurance
31 May 2020
The IAASB issued its Exposure Draft (ED) on non-authoritative guidance on extended external reporting (EER) assurance.
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International News
IFAC Outlines Five Factors for High-Quality Audit, Issues Call to Action for Stakeholders in Audit Ecosystem
11 Feb 2020
High-quality audits are the backbone of the global financial system.
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International News
Comments Sought on Conforming Amendments to the IAASB International Standards as a Result of the Revised IESBA Code
19 Nov 2019
The IAASB issued its ED on conforming amendments to the International Standards as a result of the revised IESBAs’ IESBA Code that was effective from 15 June 2019.
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International News
IFAC Report Highlights Accountancy Profession as Key Driver of Progress in Adoption of International Standards
13 Oct 2019
In celebration of World Standards Day, IFAC (International Federation of Accountants) today released a new report detailing how and where international accountancy standards—which focus on audit and assurance, ethics, education, and private and public sector accounting—are being adopted and implemented globally.
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International News
Research Shows Benefits of Multidisciplinary Firm Structure in Producing High Quality Audits
25 Sep 2019
Scrutiny of the multidisciplinary model and its impact on audit quality has increased in the international regulatory dialogue that has followed some high-profile corporate collapses. The concept of ‘audit-only’ firms has been proposed as a solution to the ongoing concerns about audit quality, competition and perceived conflicts of interest.
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