Audit and Assurance
PCAOB issues an investor advisory regarding proof of reserve reports
8 March 2023
The Public Company Accounting Oversight Board (PCAOB) issues a warning to investors not to place undue reliance on proof of reserve reports which are not with the PCAOB’s oversight authority.
IAASB Digital Technology Market Scan: digital assets
6 March 2023
The International Auditing and Assurance Standards Board’s (IAASB) Disruptive Technology Team has released their seventh market scan exploring digital assets. This covers recent developments within the cryptocurrency market and what they might mean for the audit and assurance market.
Financial Reporting
EFRAG issues comment letter on IASB’s International Tax Reform – Pillar Two Model Rules
14 March 2023
The European Financial Reporting Advisory Group (EFRAG) has published its comment letter supporting the IASB’s proposal to provide temporary relief from accounting for deferred taxes arising from the OECD’s Pillar Two Model Rules.
ISSB to explore international applicability of the SASB Standards
9 March 2023
The International Sustainability Standards Board (ISSB) has announced that it will develop an exposure draft that explains the process and methodology for updating specific jurisdictional laws and regulations in the SASB Standards.
IASB concludes project on its approach to disclosure requirements
8 March 2023
The International Accounting Standards Board (IASB) has published a Project Summary and Feedback Statement, which sets out its improved approach to developing and drafting disclosure requirements.
EFRAG releases a series of educational videos on the first set of draft ESRS
3 March 2023
EFRAG has published a series of 20 videos to help stakeholders get a better understanding of its draft European Sustainability Reporting Standards (ESRS).
ISSB to issue its first two standards end of Q2 2023
17 February 2023
The ISSB has announced that its initial IFRS Sustainability Disclosure Standards, S1 and S2, are expected to be issued at end of Q2. These standards will be effective starting January 2024.
Ethics
IESBA publishes Q&As on the revisions to definitions in the IESBA Code
10 March 2023
The International Ethics Standards Board for Accountants (IESBA) has published Q&As to highlight changes to the definitions of listed entity and public interest entity in the IESBA Code.