The ISCA Technical Standards Development and Advisory department monitors developments in the auditing and assurance landscape and issuance of new exposure drafts and proposed pronouncements by the International Auditing and Assurance Standards Board (IAASB). The following is a compendium of ISCA comment letters submitted to the IAASB in response to the IAASB's proposals. These responses encompass the views of different relevant stakeholder groups in Singapore affected by the proposals, which are gathered by ISCA via various outreach platforms.
Comment Letters to IAASB
Month of Submission
Proposed 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
Proposed International Standard on Quality Management (ISQM) 2, Engagement Quality Reviews
Proposed International Standard on Auditing (ISA) 220 (Revised), Quality Management for An Audit of Financial Statements
ISA 800 (Revised), Special Considerations – Audits Of Financial Statements Prepared In Accordance With Special Purpose Frameworks and ISA 805 (Revised), Special Considerations – Audits Of Single Financial Statements And Specific Elements, Accounts Or Items Of A Financial Statement
ISA 720, The Auditor’s Responsibilities Relating to Other Information in Documents Containing or Accompanying Audited Financial Statements and the Auditor’s Report Thereon (and the Proposed Consequential and Conforming Amendments to Other SSAs)