IAASB Board Meeting | New York, USA

December 9 - 13, 2019

Meeting Summary

IAASB Podcast

IAASB Board Meeting - December 9-13 2019 - Podcast (40 MB)
00:00 – 00:45 Introduction – Willie Botha
00:46 – 03:12 Reflection on the December meeting including Strategy and Work Plan – Tom Seidenstein
03:13 – 05:19 Overview of the Projects – Willie Botha
05:27 – 06:45 ISRE 4440 (Revised) Agreed-Upon Procedures – Eric Turner
07:06 – 09:22 Extended External Reporting Assurance – Marek Grabowski
09:54 – 11:45 ISA 600 (Revised) Group Audits – Len Jui
12:04 – 15:28 ISQM 1 – Karin French
15:49 – 18:13 ISQM 2 – Hanken Talatala
18:33 – 21:27 ISA 220 (Revised) – Lyn Provost
21:48 – 24:00 Less Complex Entities – Roger Simnett
24:17 – 26:33 Reflections on first six months as IAASB Chair – Tom Seidenstein
26:36 – 28:09 Closing Comments – Willie Botha

Meeting Highlights

IAASB December 2019 Meeting Highlights (128K)

Agenda

Agenda Papers

Agenda Item 1 - Introduction and Opening Remarks

20191209-IAASB-Agenda Item 1 -Introduction and Opening Remarks-Final (97K) 20191209-IAASB-Agenda Item 1-A-Draft Public Minutes of the Meeting September 2019- MARKED (224K) 20191209-IAASB-Agenda Item 1-B-Draft Public Minutes of the Meeting September 2019- CLEAN (222K) 20191209-IAASB-Agenda Item 1-C-Draft Minutes of the Teleconference-November 7-2019 - CLEAN (49K)

Agenda Item 2 - ISA 600 (Revised)

20191209-IAASB-Agenda Item 2 -Issues Paper-final (159K) 20191209-IAASB-Agenda Item 2A-Discussion of Significant Changes to Requirements and AM-final (132K) 20191209-IAASB-Agenda Item 2B-Proposed ISA600 (Revised)-Clean-final (333K) 20191209-IAASB-Agenda Item 2B-Proposed ISA600 (Revised)-UPDATED-final (192K) 20191209-IAASB-Agenda Item 2C-Proposed ISA600 (Revised)-Marked-final (425K) 20191209-IAASB-Agenda Item 2D-Conforming amendment-final (73K)

Agenda Item 3 - Strategy and Work Plan

20191209-IAASB Agenda Item 3 -Strategy and Work Plan Issues Final (157K) 20191209-IAASB Agenda Item 3A-Draft Strategy 2020-2023 Final (805K) 20191209-IAASB Agenda Item 3B-Draft Work Plan 2020-2021 Final (725K) 20191209-IAASB Agenda Item 3C-Draft IAASB Framework for Activities Final (274K) 20191209-IAASB-Agenda Item 3A REVISED-Draft Strategy 2020 2023 FINAL (for BOARD Clean) (802K) 20191209-IAASB-Agenda Item 3A REVISED-Draft Strategy 2020 2023 FINAL (for BOARD Marked) (834K) 20191209-IAASB-Agenda Item 3B REVISED-Draft Work Plan 2020 2021 Final (for Board Clean) (644K) 20191209-IAASB-Agenda Item 3B REVISED-Draft Work Plan 2020 2021 Final (for Board MARKED) (902K)

Agenda Item 4 - ISRS 4400 (Revised)

20191209-IAASB Agenda Item 4 - ISRS 4400 (Revised) Issues Paper (final) (174K) 20191209-IAASB Agenda Item 4-A-Proposed ISRS 4400 (Revised) Marked to Oct offline draft (final) (236K) 20191209-IAASB Agenda Item 4-B-Proposed ISRS 4400 (Revised) Clean (final) (199K) 20191209-IAASB Agenda Item 4-B-Updated-Proposed ISRS 4400 (Revised) (Updated) (297K) 20191209-IAASB Agenda Item 4-C-Proposed ISRS 4400 (Revised) Re-Exposure Analysis (final) (25K) 20191209-IAASB Agenda Item 4-D-Proposed ISRS 4400 (Revised) Marked to ED (final) (224K)

Agenda Item 5 - EER Assurance

20191209-IAASB-Agenda-Item-5 EER Assurance Issues (final) (250K) 20191209-IAASB-Agenda-Item-5-A EER Assurance Clean (final) (1.8 MB) 20191209-IAASB-Agenda-Item-5-A.1 EER Assurance Performace Materiality (final) (1.5 MB) 20191209-IAASB-Agenda-Item-5-B EER Assurance Marked (for reference only) (2.1 MB) 20191209-IAASB-Agenda-Item-5-C EER Supplement A to Agenda Item 5-A (for reference only) (final) (856K) 20191209-IAASB-Agenda-Item-5-D EER Supplement B to Agenda Item 5-A (for reference only) (final) (164K) 20191212-IAASB-Agenda-Item-5-A EER Assurance Updated (2.5 MB)

Agenda Item 6 - Audits of Less Complex Entities

20191209-IAASB-Agenda Item 6 - LCE Issues Paper (711K) 20191209-IAASB-Agenda Item 6-A - LCE Draft Feedback Statement (1.1 MB) 20191209-IAASB-Agenda Item 6-B.1-LCE Nvivo Report Q1 (399K) 20191209-IAASB-Agenda Item 6-B.2-LCE Nvivo Report Q2 (b.1) (310K) 20191209-IAASB-Agenda Item 6-B.3-LCE Nvivo Report Q2 (a) (504K) 20191209-IAASB-Agenda Item 6-B.4-LCE Nvivo Report Q2 (b.2) (175K) 20191209-IAASB-Agenda Item 6-B.5-LCE Nvivo Report Q4 (a)(i-iii) (295K) 20191209-IAASB-Agenda Item 6-B.6-LCE Nvivo Report Q4 (a)(i-iii) (337K) 20191209-IAASB-Agenda Item 6-B.7-LCE Nvivo Report Q4 (a)(i-iii) (196K) 20191209-IAASB-Agenda Item 6-B.8-LCE Nvivo Report Q4 (c) (214K) 20191209-IAASB-Agenda Item 6-B.9-LCE Nvivo Report Q4 (b) (161K) 20191210-IAASB-Agenda Item 6-B.10-LCE Nvivo Report Q3 (301K) 20191210-IAASB-Agenda Item 6-B.11-LCE Nvivo Report Q5 (214K) 20191210-IAASB-Agenda Item 6-C.1-6-C.11-LCE Nvivo-Summary of analysis for each question (151K) 20191210-IAASB-Supplement A to Agenda Item 6 - LCE (238K)

Agenda Item 7 - ISQM 1 (Issues)

20191209-IAASB-Agenda Item 7 - ISQM 1 Issues Paper (FINAL) (389K) 20191209-IAASB-Agenda Item 7-A-ISQM 1 Draft Clean (FINAL) (431K) 20191209-IAASB-Agenda Item 7-B-ISQM 1 Draft Marked From ED (FINAL) (687K) 20191209-IAASB-Agenda Item 7-C.1 - ISQM 1 Nvivo Summary of Analysis of Each Question or Topic (308K) 20191209-IAASB-Agenda Item 7-C.2 - ISQM 1 Question 3 Nvivo Report Respondent Comments (140K) 20191209-IAASB-Agenda Item 7-C.3 - ISQM 1 Question 7 Nvivo Report Respondent Comments (187K) 20191209-IAASB-Agenda Item 7-C.4 - ISQM 1 Question 12 Nvivo Report Respondent Comments (597K) 20191209-IAASB-Agenda Item 7-C.5 - ISQM 1 - Question 13 Nvivo Report Respondent Comments (155K) 20191209-IAASB-Agenda Item 7-C.6 - ISQM 1 - Other Additional Comments Nvivo Report (150K)

Agenda Item 8 - ISQM 2 Issues

20191209-IAASB-Agenda Item 8 -Proposed ISQM 2 Issues-Final (156K) 20191209-IAASB-Agenda Item 8-A-Para. 41A(c) and AM Clean-Final (89K) 20191209-IAASB-Agenda Item 8-B-Para. 41A(c) and AM Marked-Final (100K) 20191209-IAASB-Agenda Item 8-C-Discussion of Significant Changes to Requirements and AM-Final (88K) 20191209-IAASB-Agenda Item 8-D-Proposed ISQM 2 Marked-Final (210K) 20191209-IAASB-Agenda Item 8-E-Proposed ISQM 2 Clean-Final (184K) 20191209-IAASB-Agenda Item 8-F-Overview of Responses to ED-ISQM 2-Final (79K) 20191209-IAASB-Agenda Item 8-H.1-ISQM 2 NVivo MS Word Report Question 1 (FOR REFERENCE) (144K) 20191209-IAASB-Agenda Item 8-H.2-ISQM 2 NVivo MS Word Report Question 2 (FOR REFERENCE) (121K) 20191209-IAASB-Agenda Item 8-H.3-ISQM 2 NVivo MS Word Report Question 3 (FOR REFERENCE) (92K) 20191209-IAASB-Agenda Item 8-H.4-ISQM 2 NVivo MS Word Report Question 4 (FOR REFERENCE) (132K) 20191209-IAASB-Agenda Item 8-H.5-ISQM 2 NVivo MS Word Report Question 5 (FOR REFERENCE) (263K) 20191209-IAASB-Agenda Item 8-H.6-ISQM 2 NVivo MS Word Report Question 6(a) (FOR REFERENCE) (106K) 20191209-IAASB-Agenda Item 8-H.7-ISQM 2 NVivo MS Word Report Question 6(b) (FOR REFERENCE) (98K) 20191209-IAASB-Agenda Item 8-H.8-ISQM 2 NVivo MS Word Report Question 7 (FOR REFERENCE) (137K) 20191209-IAASB-Agenda Item 8-H.9-ISQM 2 NVivo MS Word Report Question 8 (FOR REFERENCE) (116K)

Agenda Item 9 - ISA 220 (Revised)

20191209-IAASB-Agenda Item 9 Proposed ISA 220 (Revised) Issues Paper (404K) 20191209-IAASB-Agenda Item 9-A Draft of Proposed ISA 220 (Revised) Clean (506K) 20191209-IAASB-Agenda Item 9-B Draft of Proposed ISA 220 (Revised) Marked (561K) 20191209-IAASB-Agenda Item 9-D.1 NVivo Report Question 3 Professional Skepticism (FOR REFERENCE) (296K) 20191209-IAASB-Agenda Item 9-D.2 NVivo Report Question 4 Resources and Tech (FOR REFERENCE) (160K) 20191209-IAASB-Agenda Item 9-D.3 NVivo Report Question 6 Documentation (FOR REFERENCE) (222K) 20191209-IAASB-Agenda Item 9-D.4 NVivo Report Public Interest (FOR REFERENCE) (140K) 20191209-IAASB-Agenda Item 9-D.5 NVivo Report Objective (FOR REFERENCE) (127K) 20191209-IAASB-Agenda Item 9-D.6 NVivo Report Definitions and Terminology (FOR REFERENCE) (142K)

Agenda Item_10 - Due Process

20191209-IAASB-Agenda Item 10A-ISRS 4400 TD Due Process (final) (69K) 20191209-IAASB-Agenda Item 10B-TD Due Process-Strategy and Work Plan-final (70K)

Audio

Discussion held during December 09, 2019

IAASB Board Meeting - Monday, December 9, 2019 - Part 1 (127.1 MB) IAASB Board Meeting - Monday, December 9, 2019 - Part 2 (169.1 MB)
Agenda Item 1 – Opening Remarks
Nominating Committee – New Member Recruitment – Elena Churikova
Agenda Item 2 – ISA 600 (Revised) (Read of ED)
Agenda Item 3 – Strategy and Work Plan (Approval)

Discussion held during December 10, 2019

IAASB Board Meeting - Tuesday, December 10, 2019 - Part 1 (106.5 MB) IAASB Board Meeting - Tuesday, December 10, 2019 - Part 2 (185.4 MB) IAASB Board Meeting - Tuesday, December 10, 2019 - Part 3 (98.3 MB)
Agenda Item 4 – Agreed-Upon Procedures (Approval)
Agenda Item 5 – Extended External Reporting (Approval)
Agenda Item 6 – Audits of Less Complex Entities (Discussion)

Discussion held during December 11, 2019

IAASB Board Meeting - Wednesday, December 11 2019 - Part 1 (126.9 MB) IAASB Board Meeting - Wednesday, December 11 2019 - Part 2 (89.4 MB) IAASB Board Meeting - Wednesday, December 11 2019 - Part 3 (111.2 MB)
Agenda Item 7 – ISQM 1 (Issues)

Discussion held during December 12, 2019

IAASB Board Meeting - Thursday, December 12 2019 - Part 1 (167.4 MB) IAASB Board Meeting - Thursday, December 12 2019 - Part 2 (162.9 MB) IAASB Board Meeting - Thursday, December 12 2019 - Part 3 (110.3 MB) IAASB Board Meeting - Thursday, December 12 2019 - Part 4 (38.6 MB)
Agenda Item 8 – ISQM 2 (Issues)
Agenda Item 9 – ISA 220 (Revised) (Issues)

Discussion held during December 13, 2019

IAASB Board Meeting - Friday, December 13 2019 - Part 1 (112 MB) IAASB Board Meeting - Friday, December 13 2019 - Part 2 (108.5 MB) IAASB Board Meeting - Friday, December 13 2019 - Part 3 (104.1 MB)
Agenda Item 4 – Agreed-Upon Procedures (Approval)
Agenda Item 3 – Strategy and Work Plan (Approval)
Agenda Item 5 – Extended External Reporting (Approval)
Agenda Item 2 – ISA 600 (Revised) (Read of ED)

Presentations

 

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