Handbook of International Quality Control, Auditing, Review, Other Assurance, and Related Services Pronouncements 2020
Price:25$
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Book Publish Date
12-Jan-2023
The most important amendments in the 2021 version as follows,
1.ISA 540 (revised), Auditing Accounting Estimates and Related Disclosures, to supersede the previous ISA 540;
2.Confirming amendments to the standards of the IAASB as a result of revising the code of ethics of professional accountants issued by the IESBA;
3.Volume 1 and 2 of the IAASB handbook included the amendments arising from the confirming and subsequent amendments to the code of ethics of professional accountants that were restructured and issued by the International Ethics Standards Board for Accountants (IESBA).
The standards that were included but not yet effective:-
1.ISA 315 (revised), identifying and assessing the risks of material misstatement;
2.Conforming and consequential amendments to other international auditing standards arising from ISA 315 (revised);
3.ISQM 1, quality management for firms that perform audits or reviews of financial statements, or other assurance or related services engagements, as this standard addresses the firm’s responsibility to design, implement, and operate a system of quality management relevant to audits or reviews of financial statements, or other assurance or related services engagements.
4.ISQM 2, engagement quality reviews, which addresses the appointment and eligibility of the engagement quality reviewer, and the engagement quality reviewer’s responsibilities relating to the performance and documentation of an engagement quality review.
• ISA 220 (revised), quality management for an audit of financial statements;
• Conforming and consequential amendments to other international auditing standards arising from the quality management projects;
• ISRS 4400 (revised), agreed-upon procedures engagements.