Pillar IV – Resource Revenue Management, will complete the IMF Fiscal Transparency Code by stating principles and practices for each stage of the resource revenue management process for resource-rich countries. It recognizes the need to account for differences in the institutional and legal systems which govern natural resource activity in individual countries, and follows the structure and approach of the first three pillars in measuring the transparency and quality of output rather than processes, and in placing greater emphasis on fiscal risk disclosure and management.

The International Auditing and Assurance Standards Board^®(IAASB^®) has issued a survey in connection with its new quality control initiative as outlined in the IAASB’s Strategy for 2015-2019 and the IAASB’s Work Plan for 2015-2016.

Its purpose is to inform the scoping of the proposed quality control project, specifically with respect to issues encountered by small- and medium-sized practices in complying with the requirements of International Standard on Quality Control (ISQC) 1, Quality Control for Firms That Perform Audits and Reviews of Financial Statements, and Other Assurance and Related Services Engagements and of International Standard on Auditing (ISA) 220, Quality Control for an Audit of Financial Statements.

Participants can take the survey online or download and complete the survey form.

Responses to the survey are requested by no later than March 27, 2015, to Sara Ashton, saraashton@iaasb.org.

This survey has been issued in connection with the IAASB’s new quality control initiative as outlined in the IAASB’s Strategy for 2015-2019 and the IAASB’s Work Plan for 2015-2016.