Future Implementation Support for International Standards on Auditing (ISAs)

January 15, 2019

Published: IFAC

By: Christopher Arnold and Dawn McGeachy

As part of the IFAC’s commitment to support the implementation and adoption of international standards, we are exploring if new or additional initiatives could better assist small and medium-sized practices (SMPs) in efficiently and effectively implementing the International Standards on Auditing (ISAs). In particular, we are exploring whether the Guide to Using ISAs in the Audits of SMEs, Fourth Edition  (ISA Guide), should continue in its present form, with regular updates, or if IFAC should consider alternative ways to support SMPs in their implementation of ISAs.

We would be grateful if you could please complete the short questionnaire below to inform our consideration of what future implementation support would be most useful.

The ISA Guide has been downloaded over 100,000 times and has been translated into more than 21 languages. While it continues to be used by member organizations and by small firms as a training tool for new and junior audit staff, and as reference material for experienced auditors, we recognize that the volume of material can be challenging for practitioners (and member organizations undertaking the translations) and in certain jurisdictions there are now numerous software packages and tools to assist small practitioners.

In addition, IFAC is focused on agility and speed to market, so a modular approach where short, succinct publications are produced focusing on specific areas may be more efficient and useful to practitioners. For example, specific implementation support may be helpful for the International Auditing and Assurance Standards Board (IAASB) revised standard on accounting estimates, ISA 540 (Revised), Auditing Accounting Estimates and Related Disclosures, which becomes effective for financial statement audits for periods beginning on or after December 15, 2019.




Otras Publicaciones


Últimas Publicaciones