The proposals aim to align the Code with the International Auditing and Assurance Standards Board's (IAASB's) suite of quality management standards, especially ISQM 1 and ISQM 2, through conforming amendments so that the Code is consistent and interoperable with these IAASB standards. The review has encompassed the recent revisions to the Code pertaining to Role & Mindset and the Non-assurance Services and Fee-related provisions of the Code.
This project falls under the umbrella of IAASB-IESBA coordination, a strategic commitment of the two Boards, and builds on their overarching commitment for enhanced connectivity and coordination to better serve the public interest.
For more information about IAASB's suite of quality management standards, please click here.
How to Comment
The IESBA invites all stakeholders to comment on the Exposure Draft by visiting the IESBA website. Comments are requested by October 5, 2021.
The Proposed Quality Management-related Conforming Amendments exposure draft aims to align the Code with the IAASB’s suite of quality management standards, especially ISQM 1 and ISQM 2, through conforming amendments so that the Code is consistent and interoperable with these I
