Enhancing IAASB & IESBA Coordination and Connectivity Joint IAASB & IESBA Meeting September 2018
Enhancing IAASB & IESBA Coordination and Connectivity 2017 Joint Plenary 2018 Joint Plenary Audit Ethics • Principles and Criteria: • Strategic Perspectives – Kevin Dancey Making Coordination Work • IAASB-IESBA Strategies & Work Plans • Priority Cross-Over Topics Including Professional Skepticism, Directional Thinking & Identifying Future EQCR Objectivity & ISQC 1, The Coordination Opportunities Restructured Code and IAASB E.g. Technology, The Code & Assurance Standards and Related Services, etc. • Project Application • Joint Break-out Discussions Exchange of Views and Ideas on • Strategy & Work Plan Cycles Selected Discussion Topics of Relevance to Coordination Page 2
Enhancing Connectivity • Member liaisons – Megan Zietsman (IAASB), Sylvie Soulier (IESBA) • Regular and ongoing contact, cross-CAG attendance, guidance and input at technical and project levels as needed – Overall, better mutual understanding and respect resulting from open-minded dialogues • Staff level Audit Ethics – Technical Directors designated lead staff coordinators – More systematic coordination-specific staff meetings • Additional initiatives • Periodic cross-Board update & awareness teleconferences • Joint CAG and joint NSS awareness & discussion sessions Page 3
Areas of Coordination • Current Cross-Over & Common Interest Initiatives – Professional Skepticism – EQCR Objectivity & ISQC 1, and ISA 220 Audit Ethics – The Code & Assurance and Related Services – The Restructured Code and IAASB Standards – Technology • Future Strategies and Work Plans Page 4
Coordination Within IAASB and IESBA Initiatives Universe ETHICS AUDIT Estimates Non ‐ Assurance Services Risk Assessment Restructured Code Roll ‐ out Group Audits Code Materiality Quality Management Tax Planning Services Coordination Strategy Strategy SMP Audit Fees Topics Technology & Ethics Data Analytics PIEs E ‐ Code QC and EQCR Skepticism for PAs Professional Skepticism Service Delivery Models Emerging Reporting NOCLAR Post Impl’n Audit Evidence Page 5
Strategies and Work Plans June 18 Mar 18 Sept 18 Sept 17 Dec 18 IESBA 2019 ‐ 23 SWP CP SWP CP Feedback Final Joint Joint Plenary Joint Plenary CAG Survey SWP CP SWP Feedback Survey IAASB IESBA 2020 ‐ 23 IAASB Possible Joint Steering Update Update / Planning Cttee Webinar Webinar teleconference ‐ TBC Page 6
Recommend
More recommend
