Audit and Assurance

New edition of IAASB Handbook of International Quality Management
15 October 2023

The International Auditing and Assurance Standards Board (IAASB) has released the 2022 edition of the Handbook of international Quality Management, Auditing, Review, Other Assurance, and Related Services Pronouncements.

IAASB enhances Auditor’s Report Transparency on Independence
12 October 2023

The International Auditing and Assurance Standards Board (IAASB) has released amendments to enhance transparency and provide auditors with a clear mechanism to action changes to the International Ethics Standards Board for Accountants’ (IESBA) Code of Ethics.

PCAOB adopts new standard: auditor’s use of confirmation 
28 September 2023

The Memorandum of Understanding on Reciprocal Arrangements (MOURA) was signed by the UK’s Financial Reporting Council (FRC) and the New Zealand Financial Markets Authority (FMA). The agreement, which is the first of its kind, recognizes audit qualifications in both the UK and NZ so that auditors can more easily work in both countries.

IESBA Handbook 2023 Edition
21 September 2023

The International Ethics Standards Board for Accountants (IESBA) today released the 2023 Handbook of the International Code of Ethics for Professional Accountants (including International Independence Standards). This handbook replaces the 2022 edition.

Financial Reporting

IPSASB issues exposure draft 85, Improvements to IPSAS
16 October 2023

The International Public Sector Accounting Standards Board (IPSASB) has issued exposure draft (ED) 85, Improvements to IPSAS, 2023. This ED proposes minor improvements to accrual basis International Public Sector Accounting Standards (IPSAS). Deadline for comment 18 December 2023.

IPSASB Issue updated chapters of conceptual framework
11 October 2023

The International Public Sector Accounting Standards Board (IPSASB) has published an updated chapter of its conceptual framework. The updated chapter, Chapter 3, Qualitative Characteristics, completes the limited scope project to improve its conceptual framework. These are non-authoritative and are effective when published. 

IASB proposes updates to the IFRS Accounting Taxonomy 2023 
05 October 2023

The International Accounting Standards Board (IASB) has proposed updates to the IFRS Accounting Taxonomy 2023 to reflect amendments to four IFRS Accounting Standards. Deadline for comment 4 December 2023.

IPSASB consults on 2024-2028 strategy and work program
03 October 2023

The International Public Sector Accounting Standards Board (IPSASB) has opened a consultation to hear stakeholder feedback on its proposed strategy and work program for the next five years. Deadline for comment 15 February 2024.