International Standard on Auditing 220 (Revised), Quality Management for an Audit of Financial Statements
Dec 17, 2020 | Handbooks, Standards, and Pronouncements
In Progress Translations: Czech | Estonian | Finnish | German | Italian | Lithuanian | Norwegian | Portuguese | Swedish | Thai | Turkish
ISA 220 (Revised) deals with the engagement partner and engagement team’s responsibilities for quality management for an audit of financial statements. The revised standard modernizes the approach to quality management and requires the engagement partner and engagement team to be proactive in managing and achieving quality.
ISA 220 (Revised) is effective for audits of financial statements for periods beginning on or after December 15, 2022.
Copyright © 2022 The International Federation of Accountants (IFAC). All rights reserved.
You must be signed in to the IFAC website in order to submit a comment. If you do not have an account, please register below. IFAC respects your privacy and will not send you unsolicited email or spam. You can subscribe to IFAC publications, change your subscription preferences, or manage your user profile at any time.