The International Auditing and Assurance Standards Board (IAASB) is now seeking nominations for a Project Advisory Panel (“PAP”) being established to support its recently approved project to develop guidance on key challenges in assurance engagements over Emerging Forms of External Reporting (“EER”), in accordance with the approved Project Proposal.

The IAASB’s Emerging forms of External Reporting (EER) Task Force developed a Feedback Statement to highlight the responses received on the August 2016 Discussion Paper, Supporting Credibility and Trust in Emerging Forms of External Reporting: Ten Key Challenges for Assurance Engagements. This Feedback Statement provides an overview of the key messages from the responses to the questions in the Discussion Paper.

The Data Analytic Working Group (DAWG) issued the Feedback Statement prepared by the DAWG and staff of the International Auditing and Assurance Standards Board on exploring the growing use of technology in the audit, with a focus on data analytics.

This publication outlines what an agreed-upon procedures engagements is, identifies the benefits to clients of offering such services, and when such engagements are appropriate. It also covers examples of financial and non-financial information AUP engagements and six short case studies with example procedures that might be applied.

Over the last 15 years you and many others have contributed extensively to IAASB’s and IESBA’s work. This has included supporting the use of our International Standards, and contributing to their quality by means of comment letters and participation in outreach. We are grateful for this support.