Mr. Vishal Doshi became a member of the International Auditing and Assurance Standards Board in January 2024, nominated by the Institute of Chartered Accountants of India (ICAI), where he is the Vice Chair of the Auditing & Assurance Standards Board of ICAI.

Mr. Doshi has over 25 years of experience in auditing entities in different industries that includes banking, oil and gas, FMCG, engineering, pharmaceutical, specialty chemicals, ITeS, health care, ports, power, mining, capital markets, NBFC, social and charitable and rural development.

Mr. Doshi is well versed on a diverse number of topics relevant to Auditing Standards, Accounting Standards, Ind AS, Code of Ethics, etc. and have spoken about these at various forums.

He is also a member of the South Asian Federation of Accountants' Committee on Education, Training and CPD.

Today, the International Auditing and Assurance Standards Board (IAASB) launched a consultation process on proposed narrow scope amendments to achieve greater convergence with the International Ethics Standards Board for Accountants’ (IESBA) International Code of Ethics for Professional Accountants (Including Independence Standards). These proposed revisions have two key objectives. First, they would align definitions and requirements in IAASB standards with new definitions for publicly traded and public interest entities in the IESBA Code. Second, the amendments would extend the applicability of existing differential requirements for listed entities to meet heightened stakeholder expectations regarding audits of public interest entities (PIE).

Key proposed revisions include extending the scope of the entities included under the International Standards on Quality Management and the International Standards on Auditing such that they will be subject to:

• Engagement quality reviews;
• Providing transparency in the auditor’s report on specific aspects of the audit, including auditor independence, communicating key audit matters, and the engagement partner’s name; and
• Communicating with those charged with governance to help them fulfill their responsibility overseeing the financial reporting process, (e.g., communicating about quality management and auditor independence).

How to Comment

The IAASB invites all stakeholders to provide feedback on the Exposure Draft using the digital Response Template, which is available on the IAASB website. Feedback is requested by April 8, 2024.

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.

Sami Alshorafa became a member of the IAASB in January 2024, nominated by the Saudi Arabia Capital Market Authority (CMA)

Mr. Alshorafa is the Deputy of Supervision at CMA. He leads the supervision of listed entities' financial statements, auditors, and governance as well as compliance of collective investment schemes. He has also worked as an audit partner at two of the big four audit firms.

Mr. Alshorafa also represents the CMA at a number of international committees and organizations including the IOSCO committee on Issuer Accounting, Auditing and Disclosure (C1) and the International Forum of Independent Audit Regulators.

Mr. Alshorafa studied accounting at the University of Dayton (US) and did his MBA at Wright State University (US). He is a non-practicing Saudi CPA.

Robert Koethner became a member of the IAASB in January 2024.

Before his appointment to the IAASB, Mr. Koethner was the global Chief Accounting Officer and Vice President for the Mercedes-Benz Group AG in Germany for more than twenty years. During his career he was in constant exchange and interaction with audit firms as well as with governance bodies, including supervisory boards and audit committees, on an international scale.

From 2015 to 2017, Mr. Koethner served as a member of the IFRS Advisory Council to the International Accounting Standards Board (IASB), providing strategic advice on current and future projects and accounting standards from a preparer perspective. Mr. Koethner was also a member of the Administrative Board of the Accounting Standards Committee Germany from 2011 to 2023.

Mr. Koethner graduated with a Master of Arts (Economics) from Wayne State University (US) and a Master of Business Administration (Accounting, Financial Reporting, Audit) from the University of Saarland (Germany).

Hernán Casinelli became a member of the IAASB in January 2024, embarking on a three-year term after an individual nomination.

In Argentina, Mr. Casinelli serves as the Chair and General Director of the Accounting and Assurance Standards Committee, overseen by FACPCE, the nation's professional accountancy organization. He further holds a position as a board member of the Group of Latin American Accounting Standard-setters (GLASS), and contributes as a member of the governance group of IFR4NPO, dedicated to formulating globally applicable financial reporting guidelines for non-profit organizations.

Mr. Casinelli’s extensive experience encompasses previous contributions as a member of the IAASB's Reference Group for the ISA for LCEs project from 2020 to 2023 and as a member of the IASB's SME Implementation Group from 2010 to 2016.

Professionally, Mr. Casinelli specializes as a consultant in accounting and finance matters. His professional endeavors harmonize seamlessly with a substantial commitment to academia. Since 2013, he has served as the academic director of the IFRS Certificate Program at Universidad Austral, an institution recognized as Argentina's top non-governmental university and one of the foremost in Latin America, partnering with ICAEW in educational initiatives.

Mr. Casinelli holds an MSc in Finance from Universidad Austral, earning a BSc in Accounting from the University of Buenos Aires.

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.