Striking a Balance ?? After a long but productive IAASB board meeting week, the team did what any group of dedicated standard setters would do: we hit the bowling alley. While no photos exist, which is probably for the best, we can say: ?? Some of us are better than others at striking a balance between our bowling skills and standard-setting skills. ?? There are no current plans from the team to quit our day jobs and join any professional bowling circuits. ?? We all support each other’s success, whether in the bowling alley or the board room. A great way to wrap up a successful week! Now, back to audit and assurance, where unlike in bowling, we do have structured frameworks for avoiding the gutter! ? #IAASB #Teamwork #BowlingStandards
International Auditing and Assurance Standards Board (IAASB)
金融服务
New York，New York 31,628 位关注者
We set international standards for auditing, assurance & quality management that strengthen public confidence.
关于我们
The International Auditing and Assurance Standards Board (IAASB) is an independent standard-setting body that serves the public interest by setting high-quality international standards for quality management, auditing, review, other assurance, and related services, and supporting the implementation of these standards. In doing so, the IAASB enhances the quality and uniformity of auditing and assurance practice throughout the world and strengthens public confidence in the global auditing and assurance profession. The IAASB is dedicated to operating as transparently as possible. IAASB meetings are open to the public and meeting agendas, agenda papers, and meeting highlights are posted on the website. In addition, the website includes the IAASB’s Strategy and Work Plans, project histories, audio recordings of the IAASB meetings, IAASB consultations (including related l comments by stakeholders) and supporting materials.
- 网站
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www.iaasb.org
International Auditing and Assurance Standards Board (IAASB)的外部链接
- 所属行业
- 金融服务
- 规模
- 11-50 人
- 总部
- New York，New York
- 类型
- 非营利机构
- 创立
- 1977
- 领域
- auditing 、assurance、finance、auditing standards、assurance standards、assurance engagments和sustainability assurance
地点
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主要
获取路线
529 5th Ave
US，New York，New York，10017
International Auditing and Assurance Standards Board (IAASB)员工
动态
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After a busy week of in-depth discussions—covering multiple projects in early development and information gathering stages—we wrapped up our March meeting today with several key votes for approval, including a unanimous vote to revise our standard on fraud. The approved revisions to ISA 240 on fraud: ? Clarify the role and responsibilities of the auditor for fraud in an audit of financial statements. ? Promote consistent behavior and facilitate effective responses to identified risks of material misstatement (ROMMs) due to fraud, including when fraud or suspected fraud is identified. ? Reinforce the importance, throughout the audit, of the appropriate exercise of professional skepticism in fraud-related audit procedures. ? Enhance transparency on fraud-related procedures, including strengthening communications with those charged with governance (TCWG) and the communication of key audit matters related to fraud. The revised standard will be issued following certification by the Public Interest Oversight Board | PIOB, anticipated in July. In the meantime, an as-approved version will be published on our website next week. Additionally, votes today included: ?? ISAE 3410 on assurance over greenhouse gas emissions will be withdrawn as of December 15, 2026, aligning with the effective date of ISSA 5000, our new sustainability assurance standard. ?? Proposed narrow-scope amendments related to International Ethics Standards Board for Accountants (IESBA)’s new standard on Using the Work of Experts. The exposure draft is expected in mid-to-late April for a 90-day public consultation. Given potential public interest benefits, we are exploring whether these amendments could take effect by December 15, 2026, alongside IESBA’s standard—though this would require a shorter-than-usual implementation period. A question on this timing will be included in the exposure draft. This week, we were also pleased to welcome our new members Nancy Cheng, Amaro Gomes, Mikiko Ono, and Xiaoyue Sun to their first board meeting! #IAASB #AuditQuality #ProfessionalSkepticism
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?? IAASB Meeting Recap – Days 1 and 2 Our March 2025 meeting is well underway with a packed agenda. Over the past two days, we have engaged in robust discussions on key projects aligned to our underlying objective: serving the public interest and supporting quality engagements. Here's what we covered so far: ? Finalizing ISA 240 (Fraud): We deliberated on the final proposed revisions to clarify auditors’ responsibilities in relation to fraud in an audit of financial statements. A final approval vote is scheduled for Friday. ? Using the Work of Experts Narrow-Scope Amendments: We discussed a project proposal for, and an initial draft of the exposure draft of, narrow-scope amendments to the ISAs that stem from International Ethics Standards Board for Accountants (IESBA)'s standard on using the work of an external expert. ? Technology & Audit Engagements: We continued to explore the impact of technology on audits and implementation of our new Technology Position, published last October. (If you missed it, you can read it here: bit.ly/IAASBTech) ? Revising ISRE 2410 (Review Engagements): We examined public interest considerations driving the need to update our standard on review engagements of interim financial information and reviewed a draft project proposal. Tomorrow, we will turn our focus to our Audit Evidence and Risk Response project, among other topics. Join us at 11 am to follow along: https://lnkd.in/dZb3zpR #IAASB #AuditQuality #TechnologyInAudit #AuditingStandards?
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Congratulations Megan Zietsman on your appointment to the PIOB Standard-Setting Boards Nominations Committee! We wish you success in this important role. ??
The PIOB is pleased to announce the appointment of Megan Zietsman as a member of the PIOB Standard-Setting Boards Nominations Committee (SSB NomCo). Megan brings a wealth of experience in audit quality, risk management, and regulatory matters to this role. She is the Global Audit & Assurance Quality, Risk and Regulatory Leader at Deloitte Touche Tohmatsu Limited and a Certified Public Accountant and a Chartered Accountant (South Africa). You can learn more about her background on the PIOB website. The SSB NomCo is a key structure of the PIOB, responsible for making recommendations in respect of appointments to the International Auditing and Assurance Standards Board (IAASB), the International Ethics Standards Board for Accountants (IESBA), and their Stakeholder Advisory Council. Megan′s appointment is part of the first rotation of SSB NomCo members, as announced on December 11, 2024. Read the full press release here: https://lnkd.in/dp34HRJm #PublicInterest#PIOB#Nominations#StandardSetting
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International Auditing and Assurance Standards Board (IAASB)转发了
#joinus for our meetings this week! see the link below to watch the discussions live. #qualitycounts International Auditing and Assurance Standards Board (IAASB)
?? The agenda papers for our upcoming meeting are now available on our website! These documents shape our discussions and decisions—here’s what to look out for: ?? Revisions to ISA 240 on Fraud – Up for approval following discussions. ?? Audit Evidence and Risk Response project – An update on initial progress. ?? Narrow Scope Amendments related to Using the Work of Experts – A draft project proposal and exposure draft for these narrow-scope amendments that respond to the new Using the Work of Experts standard from (tag) IESBA. ?? Revisions to ISRE 2410 (Review of Interim Financial Information by an Independent Auditor) – An issues analysis and draft project proposal, developed in partnership with the Australian Auditing and Assurance Standards Board and the New Zealand External Reporting Board. AUASB and XRB are members of our Jurisdictional and National Standard Setters group, which provides key insights on standards implementation in their jurisdictions. ?? Read the agenda papers here: https://lnkd.in/dbz3yhmP ?? Follow the discussions live on YouTube: https://lnkd.in/d85pzvsp #Audit #Assurance #Standards #IAASB #ISRE2410 #ISA240 #IESBA
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?? Curious about the scalability of ISSA 5000? This week, our colleague Kazuko Yoshimura is back to dive into whether ISSA 5000 can be scaled to different organizations and contexts. ???? #IAASBStaffExplain
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Congratulations to IFAC on the newly revised International Education Standards, which embed sustainability competence into professional accountancy education. This is an important step in building sufficient global capacity for sustainability reporting and assurance and help ensure that future accountants are well-prepared to apply our ISSA 5000. Learn more: https://lnkd.in/eaES6vva
Significant Update to International Education Standards—Sustainability at the Core ???? IFAC has revised the International Education Standards (IESs) to embed sustainability competence across professional accountants' initial training. These important updates ensure that accountants worldwide develop the right baseline skills to implement sustainability reporting and assurance standards effectively. Key Sustainability Enhancements ? Integrated Sustainability Approach ? New Assurance Competence Area ? Strengthened Business Acumen Focus ? Enabling Behavioral Competencies ? Expanded Explanatory Materials ?? “These revisions ensure that professional accountants develop the right competencies to support high-quality sustainability reporting and assurance,” said Lee White, IFAC Chief Executive Officer. IFAC has also modernized IES 6, Initial Professional Development – Formal Assessment of Professional Competence, to introduce two new principles, integrity and authenticity, and update the principle of equity, alongside enhanced guidance on hybrid and remote assessments. ?? Effective July 1, 2026—early adoption encouraged! ?? Learn more: https://lnkd.in/eaES6vva #Sustainability #Education #Accounting #Assurance #IES #IFAC
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?? PIOB Invitation for Applications – IAASB Board Vacancies ?? The Public Interest Oversight Board | PIOB Standard-Setting Boards′ Nominations Committee?is accepting applications for IAASB board vacancies that start January 1, 2026. This is a unique opportunity to help shape global audit and assurance standards in the public interest. ?? Who should apply? Experienced professionals from investing, governance, regulation, standard setting, auditing, the public sector, and academia. ?? Apply by May 11, 2025 A parallel call is open for the International Ethics Standards Board for Accountants (IESBA). ?? Learn more & apply: https://lnkd.in/eXx3YCgR #Audit #Assurance #IAASB #StandardSetting #PublicInterest #Ethics
The PIOB′s Standard-Setting Boards′ Nominations Committee (SSB NomCo) has issued Invitations for Applications to serve as board members on the International Ethics Standards Board for Accountants (IESBA) and the International Auditing and Assurance Standards Board (IAASB) for vacancies commencing on 1 January 2026: IESBA Invitation for Applications - https://lnkd.in/d7j5zDjP IAASB Invitation for Applications - https://lnkd.in/d6EGZRG7 Qualified individuals who meet the targeted profiles described in the Invitations for Applications can apply online until 11 May 2025. https://lnkd.in/dhTa3TiS #ssbnominations #iaasb #iesba #publicinterest
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?? Reminder: The deadline to submit comments on our Post-Exposure Consultation & Invitation to Comment for the Listed and Public Interest Entities Project is March 27, 2025! The consultation sets out our final position, rationale, and pathway to broader differential requirements relating to the definitions of listed and public interest entities in the International Standards on Quality Management (ISQMs) and International Standards on Auditing (ISAs). It includes an invitation for stakeholders to share observations that might be relevant to the IAASB prior to finalizing the narrow scope amendments to the ISQMs and ISAs, and to answer a few specific questions about related forward-looking matters. ?? Comments due: March 27, 2025 ?? Learn more and comment: https://bit.ly/40K9jIQ #IAASB #AuditQuality #PublicInterest #Consultation #ISQM #ISA #PIE
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