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Abu-Ghazaleh: Issuing the Arabic Translated Version of the “International Quality Control, Auditing, Review, Other Assurance, and Related Services Pronouncements 2021” Handbook

04-Feb-2024

In cooperation between IASCA and IFAC

AMMAN - HE Dr. Talal Abu-Ghazaleh, chairman of the International Arab Society of Certified Accountants (IASCA), announced the publication of the most recent updated Arabic translated version of “International Quality Control, Auditing, Review, Other Assurance, and Related Services Pronouncements 2021” handbook, in cooperation between IASCA and the International Federation of Accountants (IFAC).

In this regard, Dr. Abu-Ghazaleh outlined the most important amendments in this version as follows: 

  • 1-ISA 315 (Revised 2019) “Identifying and Assessing the Risks of Material Misstatement” has been incorporated into the 2021 IAASB Handbook
  • 2-The following standards, which are not yet effective, have been included in this edition-
  • ISQM 1, Quality Management for Firms that Perform Audits or Reviews of Financial Statements, or Other Assurance or Related Services Engagements
  • ISQM 2, Engagement Quality Reviews
  • ISA 220 (Revised), Quality Management for an Audit of Financial Statements
  • Conforming and Consequential Amendments to Other ISAs Arising from the Quality Management Projects
  • 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 (Revised)