New York, USA

December 11 - 15, 2017

Meeting Summary

IAASB Podcast

• IAASB December 2017 Meeting Highlights Podcast (20.2 MB)
  00:15 – Introduction: Matt Waldron, IAASB Technical Director
  00:36 – Highlights & Key Developments: Matt Waldron, IAASB Technical Director
  03:19 – ISA 540 (Revised): Rich Sharko, Task Force Chair and IAASB Member
  05:38 – ISA 315 (Revised): Fiona Campbell, IAASB Member
  10:05 – ISA 220 and ISQC 1: Megan Zietsman, IAASB Deputy Chair
  19:49 – Closing Remarks: Matt Waldron, IAASB Technical Director
  
  

Meeting Highlights

• IAASB December 2017 Meeting Highlights (54K)

Agenda

Agenda Timetable and Other Relevant Information

• 20170918-IAASB-December 2017 Meeting Timetable FINAL Updated Dec 7 (32K)
• EMAIL-IAASB-Meeting-New-York-December 11-15-Meeting-Timetable-and-Agenda-Materials-and-Other-Relevant-Information Final (83K)

Agenda Papers

Agenda Item 1 - Introduction and Opening Remarks

• 20171211-IAASB Agenda Item 1-A-Draft-Minutes and Opening Remarks-October-2017 - MARKED (74K)
• 20171211-IAASB Agenda Item 1-B-Draft-Minutes and Opening Remarks-October-2017 - CLEAN (73K)
• 20171211-IAASB Agenda Item 1-Introduction and Opening Remarks FINAL (82K)
• 20171211-IAASB-Agenda Item 1-C-Draft September 2017 IAASB IESBA Joint Public Session Meeting Minutes - FINAL (50K)

Agenda Item 2 - ISA 540 (Revised)

• 20171211-IAASB Agenda Item 2-A-Discussion of Significant Issues and the Task Forces Responses (147K)
• 20171211-IAASB Agenda Item 2-B-Proposed ISA 540-MARKED (555K)
• 20171211-IAASB Agenda Item 2-C-Proposed ISA 540 UPDATED (129K)
• 20171211-IAASB Agenda Item 2-C-Proposed ISA 540-CLEAN (472K)
• 20171211-IAASB Agenda Item 2-D-Conforming and Consequential Amendments (143K)
• 20171211-IAASB Agenda Item 2-D-Conforming and Consequential Amendments-UPDATED (170K)
• 20171211-IAASB Agenda Item 2-E.1-Summary of Categories of Themes (159K)
• 20171211-IAASB Agenda Item 2-E.2-Inventory of ED-540 AM-Strategy for Restructuring (203K)
• 20171211-IAASB Agenda Item 2-F.1-Analysis Question 1 (73K)
• 20171211-IAASB Agenda Item 2-F.2-Analysis Question 2 (68K)
• 20171211-IAASB Agenda Item 2-F.3-Analysis Question 5 (94K)
• 20171211-IAASB Agenda Item 2-F.4-Analysis Question 6 (59K)
• 20171211-IAASB Agenda Item 2-F.5-Analysis Question 8 (55K)
• 20171211-IAASB Agenda Item 2-F.6-Analysis General Comments (105K)
• 20171211-IAASB Agenda Item 2-Issues-Final (665K)
• 20171211-IAASB Agenda Item 2-Supplement A-Mapping of Comment Categories to High Level Classifications (325K)
• 20171211-IAASB Agenda Item 2-Supplement B-Analysis of Responses to the AM (2 MB)

Agenda Item 3 - ISA 315 (Revised)

• 20171211-IAASB Agenda Item 3 ISA 315 Revised Issues and Discussion Final (232K)
• 20171211-IAASB Agenda Item 3A ISA 315 Revised Requirements (Final) (107K)
• 20171211-IAASB Agenda Item 3B ISA-315-Revised-Application Material (389K)

Agenda Item 5 - Quality Management at the Engagement Level (ISA 220)

• 20171211-IAASB-Agenda Item 5-Supplement A-Relationship Between ISQC 1 and ISA 220 FINAL (106K)
• 20171211-Agenda-Item-5-B-Quality-Management-Engagement-Level-Marked-From-Extant-Working-Draft-Proposed-ISA-220-Revised (210K)
• 20171211 Agenda Item 5-A - Quality Management (Engagement Level) Working Draft Proposed ISA 220 (Revised) FINAL (176K)
• 20171211 Agenda Item 5 - Quality Management (Engagement Level) ISA 220 Issues Paper (181K)

Agenda Item 6 - Quality Management (Firm Level)

• 20171211-IAASB Agenda Item 6 -Quality Management (Firm level) Considerations in Relation to the Draft ED of ISQC 1- (FINAL) (333K)
• 20171211-IAASB Agenda Item 6-A-Quality Management (Firm level) Draft of Exposure Draft of ISQC 1 (FIRST READ)-(FINAL)v1 (498K)
• 20171211-IAASB-Agenda Item 6-B-Comparison of the requirements in extant ISQC 1 to Proposed ISQC 1 (Revised) (148K)

Agenda Item 8 - Professional Skepticism

• 20171211-IAASB-Agenda-Item-8 -Professional-Skepticism-Issues-Paper - FINAL (133K)

Agenda Item 9 - ISA Adoption Update

• 20171211-IAASB-Agenda Item 9-ISA Adoption-Cover-Final (38K)

Minutes

• IAASB Approved Public Minutes - December 2017 (129K)

Audio

Discussion held on December 11, 2017 Session

• IAASB Board Meeting - December 11, 2017 - Part 1 (181.9 MB)
• IAASB Board Meeting - December 11, 2017 - Part 2 (143.7 MB)
  Agenda Item 1 – Opening Remarks
  Agenda Item 2 – ISA 540 (Revised) (First Read
  

Discussion held on December 12, 2017 Session

• IAASB Board Meeting - December 12, 2017 - Part 1 (110.6 MB)
• IAASB Board Meeting - December 12, 2017 - Part 2 (160.3 MB)
• IAASB Board Meeting - December 12, 2017 - Part 3 (104.9 MB)
  Agenda Item 3 – ISA 315 (Revised) (First Read of ED)
  Agenda Item 4 – G_roup Audits (Update)
  

Discussion held on December 13, 2017 Session

• IAASB Board Meeting - December 13, 2017 - Part 1 (98.9 MB)
• IAASB Board Meeting - December 13, 2017 - Part 2 (114 MB)
  Agenda Item 5 – ISA 220 (Issues)
  Agenda Item 6 – ISQC 1 (First Read of ED)
  

Discussion held on December 14, 2017 Session

• IAASB Board Meeting - December 14, 2017 - Part 1 (143.7 MB)
• IAASB Board Meeting - December 14, 2017 - Part 2 (138.7 MB)
  Agenda Item 6 – ISQC 1 (First Read of ED)
  Agenda Item 2 – ISA 540 (Revised) (First Read)
  

Discussion held on December 15, 2017 Session

• IAASB Board Meeting - December 15, 2017 - Part 1 (111.4 MB)
• IAASB Board Meeting - December 15, 2017 - Part 2 (123 MB)
  Agenda Item 7 – Emerging Forms of External Reporting
  Agenda Item 8 – Professional Skepticism
  Agenda Item 9 – ISA Adoption Update (Presentation)
  Agenda Item 10 – Data Analytics (Update)
  Recap
  

Presentations

• 20171211-IAASB Agenda Item 5-ISA 220 Presentation (260K)
• IAASB Agenda Item 2 - Update on Q3 analysis (205K)
• IAASB Agenda Item 2-Presentation 540-Final (228K)
• IAASB Agenda Item 3-ISA 315 slides (459K)
• IAASB Agenda Item 4-Presentation Group Audit FINAL (482K)
• IAASB Agenda Item 7 EER Presentation (990K)
• IAASB Agenda Item 8-Professional Skepticism Presentation FINAL (205K)
• IAASB Agenda Item 9 ISA Adoption Update (446K)
• IAASB Recap Session (230K)