Objective

The objectives of this project are:

Phase One: Pre-Implementation Monitoring
To obtain pre-implementation information from a number of countries and firms about their experiences in introducing clarified International Standards on Auditing (ISAs).

Objective

The XBRL project takes a two-phased approach.

The objective of Phase 1 is to consult with key stakeholders to understand how XBRL is actually being used in different jurisdictions as it relates to the filing of an entity's financial statements and how the IAASB should address the public interest considerations when auditors are associated with XBRL data.

The objective of Phase 2 is to apply the findings of the consultation in developing a pronouncement:

Objective

To develop a new International Standard on Assurance Engagements (ISAE) 3420 to deal with reasonable assurance engagements undertaken by professional accountants to report on the compilation of pro forma financial information by entities for inclusion in their prospectuses.

Objective

To revise ISA 610, Using the Work of Internal Auditors to reflect developments in the internal auditing environment and changes in practice regarding the interactions between the external and internal auditors.

Caution

ISAE 3410 has been withdrawn with effect from December 15, 2026, the effective date of ISSA 5000.

Objective

To determine how best to approach the development of any possible further fair value auditing guidance.

Objective

The objective of this project was to redraft the close off document of ISA 706 (Revised), Emphasis of Matter Paragraphs and Other Matter(s) Paragraphs in the Independent Auditor's Report, in accordance with the clarity drafting conventions agreed by the IAASB to be applied to all ISAs.

The objective of this project was to redraft the close off document of ISA 805 (Revised), Engagements to Report on Summary Financial Statements, in accordance with the clarity drafting conventions agreed by the IAASB to be applied to all ISAs.

Objective

The objective of this project was to revise ISA 402, Audit Considerations Relating to Entities Using Service Organizations.

Objective

To revise ISA 505, External Confirmations.