Chrystelle Richard became a member of the IAASB in January 2024. She was nominated by the Compagnie Nationale des Commissaires aux Comptes and the Conseil National de l'Ordre des Experts Comptables.

Dr. Richard is currently associate professor at ESSEC Business School. She has been assistant professor at Dauphine University, as well as visiting scholar at the London School of Economics, Sciences Po and Mines Paris – PSL. She teaches financial accounting and sustainable reporting in bachelor, master and executive programs. Her primary research interests focus on firms' oversight (financial audit, audit committees, proxy advisors) and new forms of economic governance (public-private partnerships, regulation of the financial industry). She has published in well-known academic journals, received the "Professor Teaching Award", taken responsibilities in the academic associations of her field, and been invited to participate in groups of experts in accounting and auditing at the national and international level.

Dr. Richard is a former student of the Ecole Normale Supérieure and holds a PhD in Management Studies.

The Public Interest Oversight Board’s (PIOB) Standard-Setting Boards Nominations Committee has opened the Invitation for Application for upcoming vacancies on the International Auditing and Assurance Standards Board (IAASB) for terms beginning January 1, 2025. The application period is open until February 9, 2024.

The Invitation for Application is extended to experienced individuals from diverse backgrounds wishing to contribute to setting international standards for audit, assurance and related areas, all in the service of the public interest. Applications are welcome from representatives from all sectors, including investors, the corporate governance community, regulatory bodies, national standard setters, audit practitioners, professional accountancy organizations, public sector entities, and academia. A parallel Invitation for Application was issued for the International Ethics Standards Board for Accountants, with a concurrent deadline of February 9, 2024.

These vacancies are exciting opportunities for seasoned professionals from diverse backgrounds to actively contribute to the IAASB’s dynamic, multi-stakeholder fabric. Successful candidates will play crucial roles upholding the integrity of global financial markets and economies by contributing to high-quality audit and assurance standards and their adoption.

For additional information on IAASB or IESBA nominations, please see the PIOB’s nominations web page or email SSBNominations@ipiob.org.

About the IAASB
The International Auditing and Assurance Standards Board develops auditing, assurance, related services, and quality management standards and guidance in the public interest that support consistent performance of quality engagements. Along with the International Ethics Standards Board for Accountants, the IAASB is part of the International Foundation for Ethics and Audit. The Public Interest Oversight Board oversees IAASB and IESBA activities and the public interest responsiveness of the standards. For copyright, trademark, and permissions information, please visit Permissions.

The International Auditing and Assurance Standards Board (IAASB) has issued guidance to help stakeholders understand how to reference IFRS Accounting Standards to follow recent updates to the IFRS Foundation® Trade Mark Guidelines. The updated IFRS Foundation guidelines require, amongst other things, that International Accounting Standards Board standards, including the International Accounting Standards (IASs) and International Financial Reporting Standards (IFRSs), be referred to as “IFRS Accounting Standards”.

The IAASB’s new guidance clarifies how auditors or practitioners should refer to the IFRS Accounting Standards in their reports. The alert also describes changes that the IAASB intends to make to future editions of the IAASB handbook to address existing references to the IASs and IFRSs.

This guidance will help stakeholders understand how to reference IFRS Accounting Standards to follow recent updates to the IFRS Foundation® Trade Mark Guidelines. This guidance clarifies how auditors or practitioners should refer to the IFRS Accounting Standards in their reports.

The International Auditing and Assurance Standards Board (IAASB) today published the International Standard on Auditing for Audits of Financial Statements of Less Complex Entities, known as the ISA for LCE. The ISA for LCE is a standalone global auditing standard designed specifically for smaller and less complex businesses and organizations. Built on the foundation of the International Standards on Auditing (ISAs), audits performed using this standard provide the same level of assurance for eligible audits: reasonable assurance. The standard is effective for audits beginning on or after December 15, 2025 for jurisdictions that adopt or permit its use.

“The ISA for LCE underscores the IAASB’s commitment to ensuring the credibility and reliability of financial reporting for entities of all sizes. By leveraging the International Standards on Auditing as our starting point, we are cultivating an environment where audits are performed in a globally consistent and high-quality way for the smallest entities. The IAASB’s actions seek to inspire greater confidence and contribute to the overall stability and trustworthiness of information in the external reporting ecosystem. We have also heard that this standard should provide an impetus for the evolution of auditing in developing economies,” said IAASB Chair Tom Seidenstein. “We now turn to each jurisdiction and their oversight authorities and regulators to decide whether to adopt the standard. We encourage practitioners and others to reach out to the authorities in their jurisdictions to advocate for the ISA for LCE’s adoption.”

Released alongside the ISA for LCE are a Basis for Conclusions, which details feedback from the public consultation period, a high-level fact sheet, and a frequently asked questions document. Additional materials to help jurisdictions navigate adoption will be issued in 2024, including supplementary guidance, a fact sheet on adoption, and a first-time implementation guide. All materials can be accessed on the IAASB website: iaasb.org/ISAforLCE

About the IAASB
The International Auditing and Assurance Standards Board develops auditing, assurance, related services, and quality management standards and guidance in the public interest that support consistent performance of quality engagements. Along with the International Ethics Standards Board for Accountants, the IAASB is part of the International Foundation for Ethics and Audit. The Public Interest Oversight Board oversees IAASB and IESBA activities and the public interest responsiveness of the standards. For copyright, trademark, and permissions information, please visit Permissions

The ISA for LCE is a standalone global auditing standard designed specifically for smaller and less complex businesses and organizations. Built on the foundation of the International Standards on Auditing, audits performed using this standard provide the same level of assurance for eligible audits: reasonable assurance.

The standard is effective for audits beginning on or after December 15, 2025 for jurisdictions that adopt or permit its use.

Have you heard? We have a new standard for audits of less complex entities—known as ISA for LCE—coming on December 6. Learn more about it in our new video.

On August 2, the International Auditing and Assurance Standards Board (IAASB) launched a public consultation on its landmark proposed global sustainability assurance standard, International Standard on Sustainability Assurance (ISSA) 5000, General Requirements for Sustainability Assurance Engagements. It also committed to an extensive, high-level outreach plan to ensure broad stakeholder input to improve both the quality of and trust in the final standard. This plan included in-person roundtables around the world, virtual webinars for global audiences, and regional and national meetings with regulators and oversight bodies.

These are the results of this unprecedented outreach campaign: