Quality Management at Engagement Level - ISA 220

Objective

The objectives of the project were to:

  • Propose revisions to ISA 220 to strengthen aspects of quality management for individual engagements by focusing on the identification, assessment and response to quality risks in a broad range of engagement circumstances.
  • Propose consequential amendments to other standards that may be necessary as a result of revisions to ISA 220.
  • Determine whether non-authoritative guidance and support tools should be developed by the IAASB or others to supplement the revisions or new standard(s).

Project Stages

Information Gathering Project Proposal Exposure Draft Development Completed
Board Papers

September 2019 December 2019 March 2020 April 2020 June 2020 September 2020

Board Minutes

September 2019 December 2019 March and April 2020 June 2020

CAG Papers

September 2019 March 2020 September 2020

CAG Minutes

September 2019 March 2020

Issued Document

Final Pronouncement Basis for Conclusions Fact Sheet: Introduction to ISA 220 (Revised) Conforming Amendments to ISAs and Related Material Arising from the Quality Management Standards

 

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