The Consideration of Climate-Related Risks in an Audit of Financial Statement
Staff Audit Practice Alert
Climate change is increasingly front of mind for investors and other IAASB stakeholders as its effects are increasingly visible. Given climate change’s potential to impact most, if not all entities, directly or indirectly, the IAASB issued this Staff Audit Practice Alert, which assists auditors in understanding what already exists in the International Standards on Auditing today and how it relates to auditors’ considerations of climate-related risks in an audit of financial statements.
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Related Resources
- 2018 Handbook of International Quality Control, Auditing, Review, Other Assurance, and Related Services Pronouncements
- IAASB Revised Detailed Work Plan Table for 2020‒2021
- Implementation Plans for the Quality Management Standards
- Non-Authoritative Support Material: Using Automated Tools and Techniques When Identifying Risks of Material Misstatement in Accordance with ISA 315 (Revised)
- Non-Authoritative Support Materials: Using Automated Tools & Techniques in Performing Audit Procedures
