New York, USA

December 10 - 14, 2018

Meeting Summary

IAASB Podcast

IAASB December 2018 Meeting Highlights Podcast (23.7 MB)
00:14 – Introduction: Dan Montgomery, IAASB Interim Technical Director
00:54 – Highlights, Key Developments and Strategy: Arnold Schilder, IAASB Chairman
04:46 – ISQM 1: Karin French, Task Force Chair and IAASB Member
10:36 – ISQM 2: Imran Vanker, Task Force Chair and IAASB Member
14:22 – ISA 220: Megan Zietsman, Task Force Chair and IAASB Member
19:21 – Reflection on Approvals: Arnold Schilder, IAASB Chairman
21:23 – EER and ISA 315: Dan Montgomery, IAASB Interim Technical Director
23:16 - Closing Remarks: Dan Montgomery, IAASB Interim Technical Director

Meeting Highlights

IAASB December 2018 Meeting Highlights (99K)

Agenda

Agenda Papers

Agenda Item 1 - Introduction and Opening Remarks

20181210-IAASB-Agenda Item 1-Introduction and Opening Remarks-Final (81K) 20181210-IAASB-Agenda Item 1 -A-Draft September 2018 Public Minutes-Marked (154K) 20181210-IAASB-Agenda Item 1 -B-September 2018 Public Minutes-Clean (152K) 20181210-IAASB-Agenda Item 1 -C-Draft October 2018 Minutes-Marked (54K) 20181210-IAASB-Agenda Item 1 -D-Draft October 2018 Minutes-Clean (53K)

Agenda Item 2 - Quality Management (Firm Level)

20181210-IAASB-Agenda Item 2- Proposed ISQM 1 Issues (105K) 20181210-IAASB-Agenda Item 2-A-Proposed ISQM 1 (Clean) FINAL (425K) 20181210-IAASB-Agenda Item 2-A.1-Proposed ISQM 1 (Updated Extracts for Board Consideration) (42K) 20181210-IAASB-Agenda Item 2-A.2(Clean)-Proposed ISQM 1 (Updated Extracts for Board Consideration) (72K) 20181210-IAASB-Agenda Item 2-A.2-Proposed ISQM 1 (Updated Extracts for Board Consideration) (83K) 20181210-IAASB-Agenda Item 2-A.3-Proposed ISQM 1 Updated (Marked From 2.A, 2-A.2, 4-C.1) (499K) 20181210-IAASB-Agenda Item 2-A.4-Proposed ISQM 1 Final Agreed Text (Marked From 2-A.3) (810K) 20181210-IAASB-Agenda Item 2-B-Proposed ISQM 1 (Marked from September) FINAL (578K) 20181210-IAASB-Agenda Item 2-C-Comparison of Extant ISQC 1 to Proposed ISQM 1 FINAL (1.1 MB) 20181210-IAASB-Agenda Item 2-D-Outline of Explanatory Memorandum for Proposed ISQM 1 (51K)

Agenda Item 3 - Quality Management (Engagement Level)

20181210-IAASB-Agenda Item 3- ISA 220-Issues-Final (110K) 20181210-IAASB-Agenda Item 3-A-ISA 220-Marked From Sep-Final (273K) 20181210-IAASB-Agenda Item 3-B-ISA 220-Clean-Final (227K) 20181210-IAASB-Agenda Item 3-B-ISA 220-Clean-UPDATED-FINAL (244K) 20181210-IAASB-Agenda Item 3-C-ISA 220-Marked From Extant-Final (646K)

Agenda Item 4 - Engagement Quality Reviews

20181211-IAASB-Agenda Item 4 ISQM 2 Issues (375K) 20181211-IAASB-Agenda Item 4-A ISQM 2 Engagement Quality Review (Clean) (325K) 20181211-IAASB-Agenda Item 4-A ISQM 2 Engagement Quality Review (Supplement Side-by-Side) (664K) 20181211-IAASB-Agenda Item 4-A.1 ISQM 2 Engagement Quality Review updated 12-11 (Clean) (55K) 20181211-IAASB-Agenda Item 4-A.1 ISQM 2 Engagement Quality Review updated 12-11 (Marked) (64K) 20181211-IAASB-Agenda Item 4-B ISQM 2 Engagement Quality Review (Marked from September 2018) (411K) 20181211-IAASB-Agenda Item 4-C ISQC 2 Engagements Subject to EQR (Clean) (222K) 20181211-IAASB-Agenda Item 4-C.1 ISQC-2 Engagements Subject to EQR-updated (26K) 20181211-IAASB-Agenda Item 4-D ISQC 2 Engagements Subject to EQR (Marked from October Teleconference) (43K) 20181211-IAASB-Agenda Item 4-E ISQM 2 Comparison-extant stds (577K) 20181211-IAASB-Agenda Item 4-A ISQM-2 Engagement-Quality-Review-UPDATED (128K)

Agenda Item 5 - Joint Quality Management Matters

20181210-IAASB-Agenda-Item-5-Joint-Matters-Final (56K) 20181210-IAASB-Agenda Item 5-A-Conforming Amendments QM-FINAL (505K) 20181210-IAASB-Agenda Item 5-B-Quality Management Projects IESBA Coordination (245K)

Agenda Item 6 - ISA 315 (Revised)

20181210-IAASB Agenda Item 6-A ISA 315 (Revised) Presentation (final) (396K) 20181210-IAASB Agenda Item 6 ISA 315 (Revised)-Cover (final) (76K)

Agenda Item 7 - IAASB Strategy

20181210-IAASB Agenda Item 7-Discussion IAASB Strategy (Final) (251K) 20181210-IAASB-Agenda Item 7-A-Draft Strategy Consultation Paper (Final) (988K)

Agenda Item 8 - EER Assurance

20181212-IAASB-Agenda Item 8 EER Issues Paper (140K) 20181212-IAASB-Agenda Item 8-A EER Draft Guidance (675K) 20181212-IAASB-Agenda Item 8-B EER Draft Guidance (Marked from September 2018) (648K) 20181212-IAASB-Agenda Item 8-C EER Background & Contextual Information (85K)

Minutes

Audio

Discussion held during December 10, 2018

IAASB December Board Meeting - Monday December 10 2018 - Part 1 (127.5 MB) IAASB December Board Meeting - Monday December 10 2018 - Part 2 (110.9 MB) IAASB December Board Meeting - Monday December 10 2018 - Part 3 (81.1 MB) IAASB December Board Meeting - Monday December 10 2018 - Part 4 (85.5 MB)
Agenda Item 1 – Opening Remarks
Agenda Item 2 – ISQM 1 (Revised) (Read of ED)
Agenda Item 3 – ISA 220 (Revised) (Read of ED)

Discussion held during December 11, 2018

IAASB December Board Meeting - Tuesday December 11 2018 Part 1 (147.8 MB) IAASB December Board Meeting - Tuesday December 11 2018 Part 2 (134.6 MB)
Agenda Item 4 – ISQM 2 (Read of ED)
Agenda Item 54 – Joint QM Projects (Conforming Amendments)
Agenda Item 6 – ISA 315 (Revised) (Comment Summary)

Discussion held during December 12, 2018

IAASB Board Meeting - December 12 2018 - Part 1 (126.4 MB) IAASB Board Meeting - December 12 2018 - Part 2 (108.6 MB) IAASB Board Meeting - December 12 2018 - Part 3 (95.2 MB)
Agenda Item 2 – ISQM 1 (Turn Around Document)
Agenda Item 7 – Strategy 2020-2023 (Approval)
Agenda Item 4 – ISQM 2 (Turn Around Document)
Agenda Item 8 – Emerging Forms of External Reporting (Read of Guidance)

Discussion held during December 13, 2018

IAASB Board Meeting - December 13 2018- Part 1 (141.9 MB) IAASB Board Meeting - December 13 2018- Part 2 (82.8 MB)
Agenda Item 4 ISQM 2 (Approval of ED)
Agenda Item 3 – ISA 220 (Revised) (Approval of ED)

Discussion held during December 14, 2018

IAASB Board Meeting - December 14 2018 - Part 1 (163.4 MB) IAASB Board Meeting - December 14 2018 - Part 2 (110.3 MB)
Agenda Item 2 – ISQM 1 (Revised) (Approval of ED)
Agenda Item 5 – Joint QM Projects (Effective Date)
Agenda Item 8 – Emerging Forms of External Reporting (Read of Guidance)
Closing Remarks

Presentations

 

Thank you for your interest in our publications. These valuable works are the product of substantial time, effort and resources, which you acknowledge by accepting the following terms of use. You may not reproduce, store, transmit in any form or by any means, with the exception of non-commercial use (e.g., professional and personal reference and research work), translate, modify or create derivative works or adaptations based on such publications, or any part thereof, without the prior written permission of IFAC.

Our reproduction and translation policies, as well as our online permission request and inquiry system, are accessible on the Permissions Information web page.

For additional information, please read our website Terms of Use. ALL RIGHTS RESERVED.