This executive summary provides an outline of ACCA (the Association of Chartered Certified Accountants), IDI (INTOSAI Development Initiative) and IFAC’s forthcoming introduction to sustainability reporting and assurance, intended for the public sector globally.
The report draws on two global roundtables, held in August and September 2023, with professionals involved in both reporting and audit in the public sector.
The executive summary launched at a session at the UN World Investment Forum 2023 in Abu Dhabi in October 2023.
IPSASB's Policy Paper, Process for Reviewing and Adapting IASB Documents, sets out the process for considering IASB documents for alignment. The IPSASB uses analysis resulting from this process to determine whether identified public sector issues warrant departures from the IASB document when developing the related IPSASB document.
Exposure Draft (ED) 85, Improvements to IPSAS, 2023 proposes minor improvements to accrual basis IPSAS that arise through publications of the International Accounting Standards Board (IASB). The proposals in this exposure draft may be modified in light of comments received before being issued in final form. Comments are due by December 18, 2023 and must be submitted in English.
IAASB’s new and revised suite of quality management standards:
International Standard on Quality Management (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
International Standard on Auditing (ISA) 220 (Revised), Quality Management for an Audit of Financial Statements
Conforming and Consequential Amendments to Other ISAs Arising from the Quality Management Project
Conforming and Consequential Amendments to the IAASB’s Other Standards as a Result of the New and Revised Quality Management Standards
International Standard on Related Services (ISRS) 4400 (Revised), Agreed-Upon Procedures Engagements
The following standards, which are not yet effective for this version of the handbook, have been included in the back of Volume 1:
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)
Volumes 1, 2 and 3 of the handbook can be downloaded from the IAASB website, where users can also order print copies of the three-volume handbook.
The vendor for the e-International Standards (eIS) online platform is experiencing technical difficulties in finalizing the IAASB eIS handbook. In the interim, please refer to the PDF versions of the handbook. We apologize for any inconvenience caused.
