Exposure Drafts and Consultation Papers
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Published: Dec 17, 2015
128 PagesEnglish
Comments due by:
May 16, 2016 -
Invitation to Comment, Enhancing Audit Quality in the Public Interest
A Focus on Professional Skepticism, Quality Control, and Group Audits
The IAASB has released its Invitation to Comment, Enhancing Audit Quality in the Public Interest: A Focus on Professional Skepticism, Quality Control and Group Audits (the ITC).
Building upon the IAASB’s efforts to develop its Work Plan for 2015–2016, the ITC highlights the board’s discussions on the topics of professional skepticism, quality control and group audits – and flags potential standard-setting activities the IAASB could take to enhance audit quality.
The IAASB also has released a companion document, an Overview of the ITC, designed at soliciting feedback from investors, audit committees, and preparers. It summarizes the key areas the IAASB is exploring and the direction it may take and may be useful in facilitating outreach by stakeholders to develop their responses.
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Invitation to Comment, Enhancing Audit Quality in the Public Interest: A Focus on Professional Skepticism, Quality Control, and Group Audits (PDF | 1.9 MB)
Overview, Invitation to Comment, Enhancing Audit Quality in the Public Interest: A Focus on Professional Skepticism, Quality Control, and Group Audits (PDF | 1.6 MB)Copyright © 2019 The International Federation of Accountants (IFAC). All rights reserved.
Submitted Comment Letters
1. SRA (Netherlands)
April 18, 20162. Zuva Financial Services (South Africa)
May 3, 20163. International Association of Insurance Supervisors (IAIS)
May 4, 20164. John kelly (Canada)
May 4, 20165. Association of Accounting Technicians (United Kingdom)
May 4, 20166. Financial Audit Subcommittee of INTOSAI (United Arab Emirates)
May 8, 20167. European Banking Authority
May 11, 20168. Russell Bedford International
May 12, 20169. FSR - danske revisorer (Denmark)
May 12, 201610. ISCA (Singapore)
May 12, 201611. Chris Barnard (Germany)
May 12, 201612. Australian Institute of Company Directors (Australia)
May 13, 201613. Grant Thornton International Limited (United Kingdom)
May 13, 201614. Accounting Professional & Ethical Standards Board (Australia) (Australia)
May 13, 201615. Auditor General South Africa (South Africa)
May 13, 201616. International Corporate Governance Network (United Kingdom)
May 13, 201617. Wirtschaftsprüferkammer, WPK (Germany)
May 13, 201618. BDO International Limited
May 13, 201619. ICAS (United Kingdom)
May 13, 201620. IBR/IRE : Instituut van de Bedrijfsrevisoren / Institut des Réviseurs d'Entreprises (Belgium)
May 13, 201621. ICAEW (United Kingdom)
May 13, 201622. Thomas Ray (United States)
May 15, 201623. International Bar Association
May 15, 201624. Andrew Higson (United Kingdom)
May 15, 201625. New Zealand Auditing and Assurance Standards Board (New Zealand)
May 15, 201626. KICPA (Korea, Republic of)
May 15, 201627. AASB Canada (Canada)
May 16, 201628. DTTL
May 16, 201629. PricewaterhouseCooper International Limited
May 16, 201630. The South African Institute of Chartered Accountants (SAICA) (South Africa)
May 16, 201631. Australian Auditing and Assurance Standards Board (AUASB) (Australia)
May 16, 201632. The Securities Analysts Association of Japan (Japan)
May 16, 201633. Cayman Islands Society of Professional Accountants (Cayman Islands)
May 16, 201634. T KRISHNA KUMAR (India)
May 16, 201635. KPMG IFRG Limited
May 16, 201636. Center for Audit Quality (United States)
May 16, 201637. The Japanese Institute of Certified Public Accountants (Japan)
May 16, 201638. Office of the Auditor General of Canada (Canada)
May 16, 201639. Institute of Certified Public Accountants of Kenya
May 16, 201640. Professors Steven Glover and Douglas Prawitt
May 16, 201641. Scott DeViney (United States)
May 16, 201642. Crowe Horwath International
May 16, 201643. Instituto Nacional de Contadores Públicos de Colombia (Colombia)
May 16, 201644. Asociación Interamericana de Contabilidad (AIC)
May 16, 201645. Ernst & Young Global Limited
May 16, 201646. The American Institute of Certified Public Accountants (United States)
May 16, 201647. The Malaysian Institute of Certified Public Accountants (Malaysia)
May 16, 201648. Hong Kong Institute of Certified Public Accountants (Hong Kong (Special Administrative Region of China))
May 16, 201649. CIMA
May 16, 201650. THE INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS OF UGANDA (Uganda)
May 16, 201651. Dianne Azoor Hughes
May 16, 201652. ACCA
May 16, 201653. Chartered Accountants Australia and New Zealand
May 16, 201654. American Accounting Association Auditing Section (United States)
May 16, 201655. INSTITUTE OF CHARTERED ACCOUNTANTS OF ZIMBABWE (Zimbabwe)
May 17, 201656. Independent Regulatory Board for Auditors (South Africa)
May 17, 201657. Malaysia Audit Oversight Board (Malaysia)
May 17, 201658. New Zealand Shareholders Association (New Zealand)
May 18, 201659. Government Accountability Office (United States)
May 18, 201660. Canadian Public Accountability Board (CPAB) (Canada)
May 18, 201661. Federación Argentina de Consejos Profesionales de Ciencias Económicas (Argentina)
May 18, 201662. RSM International Limited (United Kingdom)
May 18, 201663. UK Financial Reporting Council (United Kingdom)
May 18, 201664. FEE - Federation of European Accountants (Belgium)
May 18, 201665. Chartered Accountants Ireland (Ireland)
May 18, 201666. California State Teachers’ Retirement System (CALSTRS) (United States)
May 18, 201667. California Public Employees Retirement System (CalPERS) (United States)
May 18, 201668. Malaysian Institute of Accountants (Malaysia)
May 19, 201669. IFAC Professional Accountants in Business Committee
May 19, 201670. Royal NBA (Netherlands)
May 20, 201671. DnR - The Norwegian Institute of Public Accountants (Norway)
May 25, 201672. The Investment Association (United Kingdom)
May 25, 201673. Basel Committee on Banking Supervision
May 25, 201674. European Securities and Markets Authority
May 26, 201675. IFAC SMP Committee
May 31, 201676. Instituto dos Auditores Independentes do Brasil (Brazil)
May 31, 201677. Institute of Chartered Accountants of Pakistan (Pakistan)
May 31, 201678. CFA Institute
May 31, 201679. Institut der Wirtschaftspruefer in Deutschland e. V. (IDW) (Germany)
June 1, 201680. CNCC / CSOEC (France)
June 2, 201681. IOSCO
June 3, 201682. European Federation of Accountants and Auditors for SMEs (EFAA)
June 3, 201683. JEC Grant (United Kingdom)
June 14, 201684. European Audit Inspection Group
June 14, 201685. CPA Australia (Australia)
June 16, 201686. IFIAR - International Forum of Independent Audit Regulators
June 24, 201687. H3C (France)
June 27, 2016Related Resources
- 2018 Handbook of International Quality Control, Auditing, Review, Other Assurance, and Related Services Pronouncements
- IAASB Seeks Feedback on Standard-setting Activities to Enhance Audit Quality
- IAASB Work Plan for 2019: Enhancing Audit Quality
- Proposed Strategy for 2020-2023 and Work Plan for 2020-2021
- Consultation Paper, Extended External Reporting Assurance
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