ASCA Jordan

Book Publish Date 03-Aug-2025

The most important amendments in this version as follows: 

• 1-Issuance of the International Standard on Auditing for Audits of Financial Statements of Less Complex Entities (the ISA for LCE),
• 2--For the first time, this version includes four parts, as follows:

• Part I – The International Standards on Quality Management (ISQMs), the International Standards on Auditing (ISAs) and the IAPNs
• Part II – The ISA for LCE
• Part III – The International Standards on Review Engagements (ISREs), the International Standards on Assurance Engagements (ISAEs) and the International Standards on Related Services (ISRSs)
• Part IV – “A Framework for Audit Quality: Key Elements that Create an Environment for Audit Quality” and the “International Framework for Assurance Engagements”

Additions and Changes

• ISA 600 (Revised), Special Considerations—Audits of Group Financial Statements (Including the Work of Component Auditors). This ISA is effective for audits of group financial statements for periods beginning on or after December 15, 2023.
• Narrow scope amendments to ISA 700 (Revised), Forming an Opinion and Reporting on Financial Statements;
• ISRE 2400 (Revised), Engagements to Review Historical Financial Statements,
  

  Withdrawals

• ISA 600, Special Considerations—Audits of Group Financial Statements (Including the Work of Component Auditors)

   

  Standards Not Yet Effective

• The ISA for LCE
• Conforming Amendments to Other International Standards Arising from the ISA for LCE