This updated Questions and Answers publication has been issued by IPSASB staff to highlight how IPSAS reflect the accounting consequences of sovereign debt restructuring transactions.
The IFAC Small and Medium Practices Committee welcomes the opportunity to provide input to the International Auditing and Assurance Standards Board future strategy and supports the planned work to explore what more can be done for audits of smaller or less complex entities. Worldwide, small- and medium-sized entities, representing over 90% of business, rely primarily on SMPs as their preferred advisers. It is important for the IAASB to give greater consideration to matters relating to SMEs and SMPs in all of its activities.
Listen to IAASB Task Force Chair Fiona Campbell as she explains how International Standard on Auditing 315 (Revised) will improve audit quality through better guidance on identifying and assessing material misstatement risks. This 90 minute webinar contains useful information to help our stakeholders understand the proposed changes to the standard. The IAASB is planning a follow-up webinar in early October 2018 to provide stakeholders with an opportunity to ask questions about the Exposure Draft. Invitations will be sent in September for registration webinar and to submit questions. In the meantime, you have until November 2nd toprovide your comment to the Exposure Draft.
