News
IAASB Issues the 2022 Handbook of International Quality Management, Auditing, Review, Other Assurance and Related Services Pronouncements
30-Nov-2023
NEW YORK - The latest edition of the IAASB handbook includes:
• IAASB’s new and revised suite of quality management standards:
o International Standard on Quality Management (ISQM) 1, Quality Management for Firms that Perform Audits or Reviews of Financial Statements, or Other Assurance or Related Services Engagements
o ISQM 2, Engagement Quality Reviews
o International Standard on Auditing (ISA) 220 (Revised), Quality Management for an Audit of Financial Statements
o Conforming and Consequential Amendments to Other ISAs Arising from the Quality Management Project
o Conforming and Consequential Amendments to the IAASB’s Other Standards as a Result of the New and Revised Quality Management Standards
• International Standard on Related Services (ISRS) 4400 (Revised), Agreed-Upon Procedures Engagements
The following standards, which are not yet effective for this version of the handbook, are included in the back of Volume 1:
•ISA 600 (Revised), Special Considerations—Audits of Group Financial Statements (Including the Work of Component Auditors)
•Conforming and Consequential Amendments to Other International Standards arising from ISA 600 (R
Source: www.ifac.org