New assurance standards will help practitioners meet the changing needs of their clients. Jo Iwasaki shares some recent developments.
Changes in regulatory, market and business reporting needs are creating a pressing demand for robust standards for various non-audit assurance services. When the International Auditing and Assurance Standards Board (IAASB) convened in March, the agenda featured the latest drafts of International Standard on Assurance Engagements (ISAE) 3410 Greenhouse Gas Statements and International Standard on Review Engagements (ISRE) 2400 Engagements to Review Historical Financial Statements.
This article first appeared in Audit & Beyond, magazine of the ICAEW Audit and Assurance Faculty, in April 2012.