Audit and assurance
Content Summary
2023
13 November 2023 - The IAASB's effort in developing the ISSA 5000 proposals within a very short space of time is highly commendable. However, we recommend further refinement and detail added to it for it to be a useful and reliable source of requirements and guidance on sustainability assurance. We also strongly support the development of additional implementation guidance, transitional considerations, and further clarity on aspects of the standard.
21 August 2023 - We commend the International Auditing and Assurance Standard Board’s (IAASB) commitment to improving ISA 570 Going Concern to address stakeholder needs and market expectations. We are of the view that these proposals will enhance audit quality and the consistency of practice through further clarity and better alignment with other ISAs. However, we recommend enhancements to transparency in the auditor’s report should only be pursued if there are adequate improvements to the applicable financial reporting framework on management’s going concern assessment and related disclosures.
14 April 2023 - We recommend the IAASB take a holistic approach when modernise the 500 series, starting with ISA 500 Audit Evidence to ensure cohesiveness and consistency across all ISAs as this, and other projects, are undertaken.
17 March 2023
2022
28 September 2022
8 August 2022
11 February 2022
2 February 2022
2021
5 August 2021
19 February 2021
2020
2019
12 September 2019
27 June 2019
27 June 2019
27 June 2019
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