IAASB Board Meeting | New York, USA

September 16 - 20, 2019

Meeting Summary

IAASB Podcast

IAASB Board Meeting - September 20, 2019 Podcast (27.1 MB)
0:00 to 0:46 Introduction - Willie Botha, Technical Director
0:47 to 2:48 Chairman’s overview – Tom Seidenstein, Chair
3:13 to 4:29 ISA 315 (Revised) - Fiona Campbell, Deputy Director and Task Force Chair
4:51 to 7:05 ISA 600 (Revised) - Susan Jones, Technical Advisor to Len Jui
7:35 to 11:25 ISQM 1 – Imran Vanker, Board Member and Task Force Chair
11:41 to 15:25 ISQM 2 - Imran Vanker, Board Member and Task Force Chair
15:46 to 18:34 ISA 220 – Lyn Provost, Board Member and Task Force Chair
18:38 to 20:45 ISA 315 Next Steps, Joint IAASB-IESBA Session, and Ethics Board Fees Project - Willie Botha, Technical Director
21:05 to 24:03 Strategy and Work Plan - Tom Seidenstein, Chair
24:08 to 26:21 EER, Audit Evidence, and Technology - Willie Botha, Technical Director
26:28 to 27:02 Final Reflections - Tom Seidenstein, Chair
27:05 to 28:34 Closing remarks and next meeting - Willie Botha, Technical Director

Meeting Highlights

IAASB September 2019 Meeting Highlights (85K)

Agenda

Agenda Papers

Agenda Item 1 - Introduction and Opening Remarks

20190916-IAASB-Agenda Item 1 -Introduction and Opening Remarks-Final (71K) 20190916-IAASB-Agenda Item 1-A-Draft Public Minutes of the Meeting June 2019-MARKED-Final (143K) 20190916-IAASB-Agenda Item 1-B-Draft Public Minutes of the Meeting June 2019-CLEAN-Final (142K) 20190916-IAASB-Agenda Item 1-C-Draft Teleconference Minutes August 1 2019-CLEAN-FINAL (37K) 20190916-IAASB-Agenda Item 1-D-Draft Teleconference Minutes August 27 2019-CLEAN-Final (37K)

Agenda Item 2 - ISA 315 (Revised)

20190916-IAASB-Agenda Item 2 - ISA 315 (Revised) Issues Paper (Final) (194K) 20190916-IAASB-Agenda Item 2A - ISA 315 (Revised) Requirements (Final) (140K) 20190916-IAASB-Agenda Item 2B - ISA 315 (Revised) Definitions (Final) (79K) 20190916-IAASB-Agenda Item 2C - ISA 315 (Revised) Application Material (Final) (488K) 20190916-IAASB-Agenda Item 2D - ISA 315 (Revised) Appendices (Final) (265K) 20190916-IAASB-Agenda Item 2E - ISA 315 (Revised) Full Standard Revised Clean (703K) 20190916-IAASB-Agenda Item 2G - ISA 315 (Revised) Extant-ED-Current Requirements Comparison (Final) (196K) 20190916-IAASB-Agenda Item 2H - ISA 315 (Revised) Re-exposure Paper (Final) (94K) 20190916-IAASB-Agenda Item 2I - ISA 315 (Revised) conforming and Consequential Amendments (Final) (513K) 20190916-IAASB-Agenda-Item-2I(UPDATED)-ISA-315-Revised-Conforming-and-Consequential-Amendments TURNAROUND (Final) (399K) 20190916-IAASB-Supplement to Agenda Item 2I - Conforming Amendments to other ISAs (Final) (241K) 20190918-IAASB-Extracts from Agenda Item 2E - ISA 315 (Revised) Selected Paragraphs (Final) (79K) 20190919 Agenda Item 2E (UPDATED) - ISA 315 (Revised) Full Standard - TurnAround (Final) (754K)

Agenda Item 2 - NVivo Reports ISA 315 (Revised)

20190916 NVivo 1A - ED-315 Translations (for reference) (68K) 20190916 NVivo 2A - ED-315 Effective date (for reference) (71K) 20190916 NVivo 3A - ED-315 Intro paragraphs (for reference) (83K) 20190916 NVivo 4A - ED-315 Automated Tools and Techniques (for reference) (128K) 20190916 Nvivo 5A - ED-315 Public sector (for reference) (45K) 20190916 Nvivo ED-315 responses Excel summaries combined (Final) (141K)

Agenda Item 3 IESBA Coordination - Fees Proposals

20190916-IAASB-Agenda Item 3 -IESBA Fees Proposals-final (61K) 20190916-IAASB-Agenda Item 3A-IESBA Fees Proposals-final (80K)

Agenda Item 4 - Quality Management (Firm Level)

20190916-IAASB-Agenda Item 4- Proposed ISQM 1 Issues (FINAL) (233K) 20190916-IAASB-Agenda Item 4-A-ISQM 1-Presentation - Overview of Feedback from the ED (523K) 20190916-IAASB-Agenda Item 4-B-ISQM 1-Summary of analysis for each question or topic (FINAL) (151K) 20190916-IAASB-Agenda Item 4-C.1-ISQM 1-Nvivo Report Question 1 and related subquestions (FOR REFERENCE) (826K) 20190916-IAASB-Agenda Item 4-C.2-ISQM 1-Nvivo Report Question 2 (FOR REFERENCE) (468K) 20190916-IAASB-Agenda Item 4-C.3-ISQM 1-Nvivo Report Question 4 (FOR REFERENCE) (248K) 20190916-IAASB-Agenda Item 4-C.4-ISQM 1-Nvivo Report Question 6 and related subquestions (FOR REFERENCE) (987K)

Agenda Item 5 - QM Effective Date

20190917-IAASB-Agenda Item 5-A-QM Effective Date-Nvivo MS Excel Reports-Final (29K) 20190917-IAASB-Agenda Item 5-B.1-QM Covering Memo-NVivo MS Word Report-Question 1-Implementation Period-FINAL (188K) 20190917-IAASB-Agenda Item 5-B.2-QM Covering Memo-Nvivo MSWord Report-Question 1 Implementation Period-Theme-FINAL (142K) 20190917-IAASB-Agenda Item 5-QM Effective Date-Issues-FINAL (89K)

Agenda Item 6 - EER Assurance

20190916-IAASB-Agenda Item 6 - EER-Assurance-Issues-Paper (final) (316K) 20190916-IAASB-Agenda Item 6-A - EER-Assurance-Phase 2 draft guidance (final) (1.3 MB) 20190916-IAASB-Agenda Item 6A-1-Supplementary-Paper-EER-Assurance-Challenge-1 (136K) 20190916-IAASB-Agenda Item 6A-2-Supplementary-Paper-EER-Assurance-Challenge-9 (263K) 20190916-IAASB-Agenda Item 6A-3-Supplementary-Paper-EER-Assurance-Challenge-8 (257K) 20190916-IAASB-Agenda Item 6A-4-Supplementary-Paper-EER-Assurance-Challenges-6-7 (143K) 20190916-IAASB-Agenda Item 6A-5-Supplementary-Paper-EER-Assurance-Challenge-10 (103K) 20190916-IAASB-Agenda-Item-6B-1-EER-Assurance-Nvivo-Report-Question-1-FOR-REFERENCE (839K) 20190916-IAASB-Agenda-Item-6B-2-EER-Assurance-Nvivo-Report-Question-2-FOR-REFERENCE (371K) 20190916-IAASB-Agenda-Item-6B-3-EER-Assurance-Nvivo-Report-Question-3-FOR-REFERENCE (110K) 20190916-IAASB-Agenda-Item-6B-4-EER-Assurance-Nvivo-Report-Question-4-FOR-REFERENCE (159K) 20190916-IAASB-Agenda-Item-6B-5-EER-Assurance-Nvivo-Report-Question-5-FOR-REFERENCE (145K) 20190916-IAASB-Agenda-Item-6B-6-EER-Assurance-Nvivo-Report-Question-6-FOR-REFERENCE (148K) 20190916-IAASB-Agenda-Item-6B-7-EER-Assurance-Nvivo-Report-Question-7-FOR-REFERENCE (76K) 20190916-IAASB-Agenda-Item-6B-8-EER-Assurance-Nvivo-Report-Other-Comments-FOR-REFERENCE (261K) 20190916-IAASB-Agenda-Item-6B-9-EER-Assurance-Nvivo-Report-Drafting-and-Editorial-Comments-FOR-REFERENCE (149K) 20190916-IAASB-Agenda-Item-6C-Supplementary-EER-Assurance-NVivo-Excel-Summariy (final) (253K)

Agenda Item 7 - Engagement Quality Reviews

20190916-IAASB-Agenda Item 7 -Proposed ISQM 2 Issues Final (330K) 20190916-IAASB-Agenda Item 7-A-ISQM 2-NVivo MS Excel Report by Category and by Theme Final (121K) 20190916-IAASB-Agenda Item 7-B.1-ISQM 1 NVivo MS Word Report by Category-Question 11 (FOR REFERENCE) (50K) 20190916-IAASB-Agenda Item 7-B.10-ISQM 2 NVivo MS Word Report by Category-Question 4(b) (FOR REFERENCE) (72K) 20190916-IAASB-Agenda Item 7-B.11-ISQM 2 NVivo MS Word Report by Category-Question 4(b) (FOR REFERENCE) (59K) 20190916-IAASB-Agenda Item 7-B.12-ISQM 2 NVivo MS Word Report by Category-Question 4(b) (FOR REFERENCE) (36K) 20190916-IAASB-Agenda Item 7-B.2-ISQM 1 NVivo MS Word Report by Category-Question 11 (FOR REFERENCE) (135K) 20190916-IAASB-Agenda Item 7-B.3-ISQM 1 NVivo MS Word Report by Category-Question 11 (FOR REFERENCE) (46K) 20190916-IAASB-Agenda Item 7-B.4-ISQM 1 NVivo MS Word Report by Category-Question 11 (FOR REFERENCE) (36K) 20190916-IAASB-Agenda Item 7-B.5-ISQM 2 NVivo MS Word Report by Category-Question 4(a) (FOR REFERENCE) (38K) 20190916-IAASB-Agenda Item 7-B.6-ISQM 2 NVivo MS Word Report by Category-Question 4(a) (FOR REFERENCE) (111K) 20190916-IAASB-Agenda Item 7-B.7-ISQM 2 NVivo MS Word Report by Category-Question 4(a) (FOR REFERENCE) (65K) 20190916-IAASB-Agenda Item 7-B.8-ISQM 2 NVivo MS Word Report by Category-Question 4(a) (FOR REFERENCE) (34K) 20190916-IAASB-Agenda Item 7-B.9-ISQM 2 NVivo MS Word Report by Category-Question 4(b) (FOR REFERENCE) (38K)

Agenda Item 8 - ISA 220 (Revised)

20190916-IAASB-Agenda Item 8 -Proposed ISA 220 Issues FINAL (634K) 20190916-IAASB-Agenda Item 8-A NVivo MS Excel Reports by Category and by Theme Final (90K) 20190916-IAASB-Agenda Item 8-B.1 NVivo MS Word Report by Category-Question 1 (FOR REFERENCE) (320K) 20190916-IAASB-Agenda Item 8-B.2 NVivo MS Word Report by Category-Question 4 (FOR REFERENCE) (212K) 20190916-IAASB-Agenda Item 8-B.3 NVivo MS Word Report by Category-Question 7 (FOR REFERENCE) (254K) 20190916-IAASB-Agenda Item 8-B.4 NVivo MS Word Report by Category-Question 5 (FOR REFERENCE) (199K) 20190916-IAASB-Agenda Item 8-B.5 NVivo MS Word Report by Category-Question 2 (FOR REFERENCE) (299K)

Agenda Item 9 - ISA 600 (Revised)

20190916-IAASB-Agenda Item 9 -Issues Paper-final (167K) 20190916-IAASB-Agenda Item 9A-Discussion of Significant Changes to Requirements and AM-Final (97K) 20190916-IAASB-Agenda Item 9B - ISA 600 Clean-final (192K) 20190916-IAASB-Agenda Item 9C - ISA 600 Marked-final (281K)

Agenda Item_10 - Strategy and Work Plan

20190916-IAASB-Agenda Item 10 -Strategy and Work Plan Issues Paper (253K) 20190916-IAASB-Agenda Item 10-A-Draft Strategy 2020 2023 (217K) 20190916-IAASB-Agenda Item 10-B-Draft Work Plan (214K) 20190916-IAASB-Agenda Item 10-C-Excel Summary (119K) 20190916-IAASB-Agenda Item 10-D.1-NVivo Report Question 1 (325K) 20190916-IAASB-Agenda Item 10-D.2-NVivo Report Question 2 (605K) 20190916-IAASB-Agenda Item 10-D.3-NVivo Report Question 3 (243K) 20190916-IAASB-Agenda Item 10-D.4-NVivo Report Question 4 (262K) 20190916-IAASB-Agenda Item 10-D.5-NVivo Report Question 5 (243K)

Agenda Item_11 - Technology

20190916-IAASB Agenda Item 11 - Technology - Cover (final) (54K) 20190916-IAASB-Agenda Item 11-A TWG - DRAFT ISA 315 FAQ - Automated Tools and Techniques (for reference only) (118K)

Agenda Item_13 - Due Process

20190916-IAASB-Agenda Item 13-ISA 315 TD Due Process-Final (71K)

Agenda Item_J - Joint IAASB and IESBA Board Meeting

20190918-IAASB-IESBA-Joint-Board-Meeting-Agenda Sept 2019 (99K) Agenda Item J1 - Joint IAASB-IESBA Meeting (85K) Agenda Item J1-1 Draft Sept 2018 Joint IAASB-IESBA Session Minutes (61K) Agenda Item J2 - IAASB IESBA Coordination Plenary Session (262K) Agenda Item J3 - IAASB and IESBA SWPs (86K) Agenda Item J3-1 - Presentation - SWPs Joined-up Thinking (168K) Agenda Item J4-1 IAASB-IESBA Discussion Group Session A (147K) Agenda Item J4-2 IAASB-IESBA Discussion Group Session B (55K) Agenda Item J5 - Joint IAASB-IESBA Meeting (89K)

Audio

Discussion held during September 16, 2019

IAASB Board Meeting - September 16 2019 part 1 (137.3 MB) IAASB Board Meeting - September 16 2019 part 2 (113 MB) IAASB Board Meeting - September 16 2019 part 3 (113.3 MB) IAASB Board Meeting - September 16 2019 part 4 (86.9 MB)
Agenda Item 1 – Opening Remarks
Agenda Item 2 – ISA 315 (Revised) (Approval)
Agenda Item 12 – Audit Evidence (Update)
Agenda item 5 – Quality Management – Effective Date (Update)
Agenda Item 3 – IESBA Coordination – Fees proposals (Discussion)

Discussion held during September 17, 2019

IAASB Board Meeting - September 17 2019 - Part 1 (113.2 MB) IAASB Board Meeting - September 17 2019 - Part 2 (173.2 MB) IAASB Board Meeting - September 17 2019 - Part 3 (71.6 MB)
Agenda Item 4 – ISQM 1 (Discussion)
Agenda Item 6 – Extended External Reporting (Issues)
Agenda Item 2 – ISA 315 (Revised) (Approval)

Discussion held during September 18, 2019

IAASB Board Meeting - September 18 2019 - Part 1 (177.2 MB) IAASB Board Meeting - September 18 2019 - Part 2 (112.6 MB) IAASB Board Meeting - September 18 2019 - Part 3 (71.6 MB)
Agenda Item 2 – ISA 315 (Revised) (Approval)
Agenda Item 7 – ISQM 2 (Discussion)
Agenda Item 8 – ISA 220 (Revised) (Discussion)
Joint IAASB-IESBA Board Session (Discussion)

Discussion held during September 19, 2019

IAASB Board Meeting - September 19 2019 - Part 1 (113.4 MB) IAASB Board Meeting - September 19 2019 - Part 2 (186.4 MB) IAASB Board Meeting - September 19 2019 - Part 3 (103.9 MB)
Agenda Item 9 – ISA 600 (Revised) (Issues)
Agenda Item 10 – Strategy and Work Plan (Discussion)
Agenda Item 11- Technology (Update)
Agenda Item 2 – ISA 315 (Revised) (Approval)

Discussion held during September 20, 2019

IAASB Board Meeting - September 20 2019 Part 1 (163.3 MB) IAASB Board Meeting - September 20 2019 Part 2 (62.3 MB)
Agenda Item 2 – ISA 315 (Revised) (Approval)

Presentations

 

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