The revised ISA aims to clarify and increase the auditor’s involvement with “other information”—defined in the standard as financial and non-financial information, other than the audited financial statements, that is included in entities’ annual reports.

The changes in the pronouncement enhance the independence provisions in the Code of Ethics for Professional Accountants™ (the Code) by, in particular, no longer permitting auditors to provide certain prohibited non-assurance services to public interest entity (PIE) audit clients in emergency situations, and ensuring that they do not assume management responsibility when providing non-assurance services to audit clients. 

This presentation from a March 27, 2015, webinar discusses key elements of the IPSASB’s Strategy and Work Plan for 2015 Forward and how input received shaped the final documents. 

To view the archived webinar, click here. Those who were not registered for the original event must complete the registration field before viewing.