IAASB, IESBA Chairmen Discuss Collaboration and Coordination
In this video Q&A, IAASB Chairman Prof. Arnold Schilder and IESBA Chairman Stavros Thomadakis discuss topics of mutual relevance to their respective boards.
The deadline for comment is May 16, 2016, for the Invitation to Comment, Enhancing Audit Quality in the Public Interest: A Focus on Professional Skepticism, Quality Control and Group Audits (the ITC). An explanatory video featuring IAASB member and Chair of the Group Audits and Enhancements Working Groups Megan Zietsman reviews the key elements of the ITC and the Overview to the ITC.
The IAASB’s newly released 2014/2015 Biennial Report, Championing Change in the Public Interest, explains how the IAASB is responding to the ever-evolving environment in which audits, assurance and other services are conducted and highlights key outputs over the past two years.
Learn about key developments and how the international standard setters are working together to coordinate and align key projects.
1:41 - What are the current topics of mutual revelance?
3:03 - How will the IAASB and IESBA continue to coordinate?
4:29 - How does client confidentiality relate to audit quality? Where does the IESBA stand on its NOCLAR project?
7:53 - Where does the IAASB stand on its NOCLAR project?
9:07 - What do you hope to achieve as a result of the Invitation to Comment and related outreach activities? What do you hope to achieve as a result of the ITC and Roundtable?
12:01 - How does the IAASB's project to revise its standard on auditing estimates support audit quality?
16:00 - Why is the Structure of the Code project important?
20:24 - What are the ultimate aims of the IAASB and the IESBA?
