In this eNews you will find:
- Highlights from our March meeting
- Launch of the Joint IAASB IESBA User Advisory Group
- Modernizing ISRE 2410
- Our plans for Q2 2026
- Key dates for this quarter
Highlights from Our March Meeting
During our March 2026 meeting, we approved:
- The exposure draft of ISRE 2410 (Revised), Review of Interim Financial Information Performed by the Independent Auditor of the Entity, which will be published for public consultation in early May, with a 120-day comment period (see below for details).
- The Technology Quality Management Workstream Action Plan to Develop Non-Authoritative Material, which sets out the scope, approach, governance, and timeline for developing non-authoritative materials to support consistent and effective application of our quality management standards when technological tools enabled by emerging technologies are used in engagements.
- The project proposal to revise selected items in the ISA 500 Series: ISA 501, Audit Evidence —Specific Considerations for Selected Items (only relating to inventory), and ISA 505, External Confirmations. This project will modernize these standards to better reflect the business and audit environment, including the implications of using technology.
Other topics we discussed during our meeting include:
- Audit Evidence and Risk Response (Project Stage: Exposure Draft Development) – We discussed the first full draft of proposed revisions to the in-scope standards and we anticipate approving the exposure draft at our June 2026 meeting.
- ISA for LCE Maintenance (Project Stage: Exposure Draft Development) – We discussed the first full draft of proposed revisions to the ISA for LCE arising from revisions to the ISAs on fraud and going concern. We anticipate approving the exposure draft at our June 2026 meeting.
- Subject Matter-Specific Assurance Engagements – We agreed to begin information-gathering activities on subject matter-specific assurance engagements (other than sustainability). Initial feedback will be discussed at our September 2026 meeting.
Recordings of the March 2026 meeting are available on our YouTube channel; more information on our projects can be found on the Latest on Our Projects web page.
Joint IAASB IESBA User Advisory Group Launched
The IAASB and the IESBA have launched a joint User Advisory Group, creating a dedicated channel for users of financial statements to directly inform global standard setting.
The User Advisory Group represents a step forward in how user perspectives are brought into the standard-setting process: moving from consultation to more continuous, structured dialogue. Through the User Advisory Group, users can provide timely and practical input on our projects and broader initiatives. This will help to ensure that our standards remain relevant, decision-useful, and responsive to evolving market needs. Additionally, the joint nature of the User Advisory Group supports closer coordination between IAASB and IESBA, so our standards work together to strengthen confidence in global reporting.
The User Advisory Group held its inaugural meeting on April 2, 2026, bringing together a globally diverse group of users with a wide range of perspectives and experience. Discussions focused on how the group will engage with the IAASB and the IESBA and providing input on key projects. The User Advisory Group is expected to meet at least 3 times a year, providing an ongoing forum for user insight and dialogue.
Additional information about the User Advisory Group, including membership and its Terms of Reference, is available on the IAASB website.
Modernizing ISRE 2410
International Standard on Review Engagements (ISRE) 2410 addresses interim review engagements performed by the auditor of an entity’s annual financial statements. It has not been revised since 2005, despite developments in the financial reporting ecosystem and enhancements across our other standards. As a result, there have been issues in applying the standard, leading to inconsistencies in the work effort for, and reporting on, these engagements. Accordingly, we began a project in June 2025 to revise ISRE 2410 to establish a global baseline for more consistent interim review engagements. Proposed ISRE 2410 (Revised) will be issued for public consultation in early May 2026 with a 120-day comment period. Please remember to share your views on the proposed revisions!
Looking Ahead: Our Plans for Q2 2026
Outreach
Alongside our broader outreach efforts, this quarter we will be seeking insights from relevant stakeholders on whether the proposed revisions to the ISA for LCE, arising from the revisions to the fraud and going concern ISA standards, are proportionate to the typical nature and circumstances of less complex entities.
ISSA 5000 on Sustainability Assurance
As we continue supporting adoption and implementation of ISSA 5000, we are developing a frequently asked questions (FAQ) document on materiality and updating jurisdictional adoption information. Access resources on the dedicated ISSA 5000 web page.
Key Dates for this Quarter
- On April 27 and 28 the Stakeholder Advisory Council will meet in Madrid, Spain. You can find more information about this meeting on the SAC April 2026 meeting web page. This meeting will be livestreamed on our YouTube channel. SAC’s website
- On April 29 and 30, we will hold a Jurisdictional Standard Setters Meeting in Madrid, Spain.
- On May 6, the IAASB will have a virtual mid-quarter meeting. The meeting agenda and meeting papers will be available on our May 2026 meeting webpage approximately two weeks in advance of the meeting. This meeting will be livestreamed on our YouTube channel.
- From June 15 to 18, the IAASB will meet in Mainz, Germany. The meeting agenda and meeting papers will be available on our June 2026 meeting webpage approximately two weeks in advance of the meeting. This meeting will be livestreamed on our YouTube channel.