IFAC Responds to Accounting Today Article on Mandatory Audit Rotation
IFAC raises questions about the claims made in the article, "The Virtues of Mandatory Audit Rotation," and focuses the debate on evidence-based measures to further enhance audit quality--and ultimately the quality of financial reporting--as well as regulatory consistency across jurisdictions.
IAASB Mid-Quarter Board Call - October 29, 2015
IAASB Mid-Quarter Board Call - April 29, 2015
Conforming Amendments to Other ISAs
These conforming amendments to other ISAs were created as a result of the new and revised auditor reporting ISAs. These amendments will become effective for audits of financial statements for periods ending on or after December 15, 2016.
International Standard on Auditing (ISA) 260 (Revised), Communication with Those Charged with Governance
Revisions to this ISA are as a result of new ISA 701, Communicating Key Audit Matters in the Independent Auditor’s Report. ISA 260 (Revised) deals with the auditor’s responsibility to communicate with those charged with governance in an audit of financial statements. ISA 260 (Revised) is effective for audits of financial statements for periods ending on or after December 15, 2016.