To account for COVID-19’s impact on the International Auditing and Assurance Standards Board’s (IAASB) work, its staff capacity to deliver, and the capacity of the IAASB’s stakeholders to participate in consultations and to implement new standards, the IAASB has again reconsidered the timelines for its projects in 2020. The Revised Detailed Work Plan Table for 2020-2021 (February 2021) sets out a description of the changes that have been made and the revised timelines for 2021 (as applicable).
In the 90-minute webinar, Len Jui, IAASB Member and Chair of the ISA 600 Task Force, will explain the background of the project and will take you through the key proposed revisions to ISA 600 (Revised).
Please note that some time will be provided during this webinar to answer high-level questions. A follow-up webinar will be held in August 2020. In that webinar, participants will be provided with more time to ask questions about the Exposure Draft.
This webinar will be recorded and placed on the IAASB Website at a later date.
On May 15, IAASB released guidance on auditor considerations when undertaking procedures relating to subsequent events, in light of the changing environment due to the COVID-19 Pandemic.
This value-creation schematic highlights all the key elements of how IFAC creates and protects value and is based on the IFAC Strategic Plan. This diagram is comprehensive, covering all parts of IFAC’s ecosystem, and helps IFAC communicate internally and externally and explain our ecosystem.
