Accounting Estimates - ISA 540
The project objectives were to:
IAASB June 2015 Meeting Highlights
In this audio podcast, hosted by IAASB Technical Director Kathleen Healy, Chairman Arnold Schilder, Deputy Chair Chuck Landes, and IAASB members Brendan Murtagh and Megan Zietsman provide an overview of activities conducted during the IAASB’s June 15-19, 2015, meeting in New York.
:05 - Introduction
:31 - Chairman's Overview
2:51 - Approval of NOCLAR Exposure Draft
4:37 - ISA 810 approval of Exposure Draft, ISA 800 and 805 review
5:21 - Quality Control and Group Audits
8:56 - Agreed-upon Procedures, Integrated Reporting, and Professional Skepticism.
13:40 - Chairman's Closing Remarks
15:10 - Next meeting
NOCLAR
The International Ethics Standards Board for Accountants’ Code of Ethics for Professional Accountants (the IESBA Code) had been revised to address the professional accountant’s responsibility in relation to NOCLAR and became effective on July 15, 2017. The objective of the IAASB’s project to address NOCLAR were to:
Agreed-Upon Procedures – ISRS 4400
The project objectives are to:
- Redraft the standard using the clarity drafting conventions so that this standard is consistent with other IAASB International Standards
- Revise the standard to better reflect practice in AUP engagements being undertaken