IFAC welcomes the opportunity to comment on the consultation paper of the International Auditing and Assurance Standards Board (IAASB) on narrow scope amendments to the International Standards for Quality Management (ISQMs) and International Standards on Auditing (ISAs) for the IAASB Public Interest Entity (PIE) Track 2 Project

IFAC welcomes the opportunity to comment on the IESBA’s consultation paper for auditor independence considerations for collective investment vehicles (CIVs) and pension funds.

As the global voice of the accountancy profession, IFAC connects and unites more than 180 professional accountancy organizations in 142 jurisdictions. IFAC’s members are champions of integrity and professional quality and are committed to the public interest.

IFAC welcomes the opportunity to provide input to the International Auditing and Assurance Standards Board’s (IAASB’s) Exposure Draft on the proposed ISA 240 (Revised), The Auditor’s Responsibilities Relating to Fraud in an Audit of Financial Statements.   

IFAC welcomes the opportunity to provide input to the International Ethics Standards Board for Accountants' (IESBA) Exposure Draft (ED) for the proposed revisions to the IESBA Code relating to using the work of an external expert.  

On behalf of the global accountancy profession, IFAC welcomes the opportunity to provide input to the IESSA ED. The global business community and the accountancy profession are at the start of significant transformation with respect to evolving sustainability disclosures. IESBA has an important role, like other standard setters, in this transformation.

IFAC welcomes the opportunity to provide input to the International Auditing and Assurance Standards Board’s (IAASB) Exposure Draft for the Proposed Narrow Scope Amendments to Standards as a Result of the Revisions to the Definitions of Listed Entity and Public Interest Entity in the IESBA Code.

The IFAC SMP Advisory Group (SMPAG) welcomes the opportunity to provide input to the International Auditing and Assurance Standards Board’s (IAASB’s) Exposure Draft for the Proposed International Standard on Auditing 570 (Revised 202X) Going Concern and Proposed Conforming and Consequential Amendments to Other ISAs.

The IFAC Small- and Medium-Sized Practices Advisory Group (SMPAG) welcomes the opportunity to provide input to the International Ethics Standards Board for Accountants (IESBA) Strategy and Work Plan 2024-2027 Consultation Paper.

The IFAC Small- and Medium- Practices Advisory Group (SMPAG) welcomes the opportunity to provide input to the International Ethics Standards Board for Accountants (IESBA) Exposure Draft on the proposed revisions to the Code addressing tax planning and related services.

The SMPAG supports the IAASB’s principles-based approach and limited number of requirements. We recognize the importance of the IAASB reacting to changes in the environment, including with advancements in different technologies being used both by auditors and entities they are auditing. We support the fact that ISA 500 (Revised) should apply to all information intended to be used as audit evidence, irrespective of its source. We also agree with the clarification that not all information is itself audit evidence.