December 17, 2018
Published: IFAC – IAASBCurrent Edition
The latest edition of the handbook includes:
– ISA 250 (Revised), Consideration of Laws and Regulations in an Audit of Financial Statementsand amendments to other International Standards in response to the new requirements addressing non-compliance with laws and regulations (NOCLAR) in the IESBA International Code of Ethics for Professional Accountants. ISA 250 (Revised) is effective for audits of financial statements (and other services) for periods beginning on or after December 15, 2017.
– ISA 540 (Revised), Auditing Accounting Estimates and Disclosures, which responds to the rapidly evolving business environment. The revisions ensure that the standard continues to keep pace with the changing market and fosters a more independent and challenging mindset in auditors.
Volume III includes the IAASB’s Framework for Audit Quality: Key Elements that Create an Environment for Audit Quality, a topic that is a key focus area for the IAASB.