International Standard on Quality Management (ISQM) 1, Quality Management for Firms that Perform Audits or Reviews of Financial Statements, or Other Assurance or Related Services Engagements
Edo Kienhuis became a member of the International Auditing and Assurance Standards Board in January 2021. He was nominated by the Transnational Auditors Committee.
Mr. Kienhuis is a partner in the PwC Audit and Assurance practice in Amsterdam, where he is a member of the Methodology team in the National Office in addition to serving as an Engagement Quality Review partner on several listed entities. He is PwC's Global Standards Leader whose team is primarily responsible for the network’s interactions with the IAASB and responsible for the network's guidance relating to Auditor Reporting.
Previously, Mr. Kienhuis was the Partner responsible for independence as well as the Chief Auditor of PwC in the Netherlands. In his role of Chief Auditor, he was responsible for, among other duties: improving engagement performance quality and driving audit quality in areas requiring improvement including culture, behavior and mindset; deploying new auditing standards and reinforcing extant standards and PwC's audit methodology; and consultations on auditing from the Dutch practice.
Mr. Kienhuis is a Registered Accountant (RA) and a member of the NBA, the Royal Netherlands Institute of Chartered Accountants.
Wendy Stevens became a member of the IAASB in January 2021.
Ms. Stevens is Partner and National Director of Profession Relations at Forvis Mazars in the US, Through May 31, 2024, Wendy was the National Practice Leader for Quality & Risk Management (QRM) at Mazars in the USA. She also serves as the Mazars Group International Quality Management Monitoring leader and a member of the Mazars Group QRM Board. Prior to Mazars, Ms. Stevens was a partner at a large multinational public accounting firm.
Ms. Stevens is a current member of the Center for Audit Quality’s (CAQ), Smaller Firm Task Force and through 2024 a member of the CAQ’s Professional Practice Executive Committee and US Securities and Exchange (SEC) Regulations Committee and a past member of the Standing Advisory Group of the US Public Company Accounting Standards Board (PCAOB). Effective January 2025, Wendy is a member of the SEC’s Small Business Capital Formation Advisory Committee.
Ms. Stevens graduated from Boston University, where she studied accounting, and is a CPA in New York.
Developing a Separate Standard for an Audit of a Less Complex Entity
Focusing on the effective and consistent application of our standards, the IAASB is addressing issues and challenges related to complexity, understandability, scalability and proportionality. This communique details development plans for a separate standard for audits of less complex entities.
This webcast series on the IAASB’s proposed quality management standards will provide a detailed overview of the proposals. The webcasts will also include questions and answers sessions on the proposals.
This webcast series on the IAASB’s proposed quality management standards will provide a detailed overview of the proposals. The webcasts will also include questions and answers sessions on the proposals.
Webcast two will cover the remaining components of proposed ISQM 1 and will also be presented by Karin French.
This webcast series on the IAASB’s proposed quality management standards will provide a detailed overview of the proposals. The webcasts will also include questions and answers sessions on the proposals.
Listen to IAASB member and Task Force Chair, Marek Grabowski, discuss the extended external reporting (EER) Consultation Paper that includes the first part of the draft guidance for practitioners applying International Standard on Assurance Engagements (ISAE) 3000 (Revised), Assurance Engagements Other than Audits or Reviews of Historical Financial Information,
Attend the IAASB's webinars on the challenges and possible actions that the IAASB is exploring it its current Consultation Paper, which is open for public comment until September 12, 2019.