Extended External Reporting Project Update
This update provides a review of phase one and planned timing and resources for phase two.
The IAASB approved the project proposal in October 2017 to develop non-authoritative guidance addressing key challenges, identified by the IAASB, that arise when applying International Standard on Assurance Engagement 3000 (Revised) to extended external reporting assurance engagments. At the end of phase one, a consultation paper was issued for comment by June 21, 2019. Work began on phase two immediately following the consutation paper's publication.