Standard setting |
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Invitation to comment |
The Institute is seeking comments on the International Accounting Standards Board (IASB) Exposure Draft ED/2021/6 Management Commentary by 8 October. |
May 2021 IASB update and podcast |
The May IASB Update, highlighting the tentative decisions reached at the IASB monthly meeting, and the May podcast, focusing on the IASB discussions at its monthly meeting, are now available. |
Recording of IASB webinar on the Exposure Draft Disclosure Requirements in IFRS Standards—A Pilot Approach |
The webinars on the IASB Exposure Draft ED/2021/3 Disclosure Requirements in IFRS Standards—A Pilot Approach cover the IASB’s proposals in developing disclosure requirements in IFRSs and new disclosure requirements for IFRS 13 Fair Value Measurement and IAS 19 Employee Benefits.
- The recording of the first webinar, providing an overview of the exposure draft
- The second live webinar on 17 June will cover detailed and particular aspects of the proposed approach, such as comparability, enforceability and electronic reporting
Members can submit their comments on the exposure draft to the Institute by 31 August. |
Recordings of IASB presentations |
Recordings are now available of the two presentations delivered by the IASB to attendees of the European Accounting Association Virtual Congress. The recordings provide an overview of the IASB Request for Information Third Agenda Consultation as well as progress of other projects. The Institute is seeking comments on the request for information by 10 August. |
Speech by the IASB Chair |
Hans Hoogervorst, Chair of the IASB, delivered a speech at the IFRS Foundation Virtual Conference 2021 reflecting how IFRSs have evolved during his 10-year tenure and the importance of independent standard setting. |
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Invitation to comment |
The Institute is seeking comments on the International Auditing and Assurance Standards Board (IAASB) Survey Consultation, the IAASB’s Work Plan for 2022-2023 by 5 July. |
Webinars on quality management standards |
The IAASB and the International Federation of Accountants (IFAC) will hold a series of webinars on International Standard on Quality Management 1, Quality Management for Firms that Perform Audits or Reviews of Financial Statements, or Other Assurance or Related Services Engagements via Zoom, including question and answer sessions. Recordings will be available on the IAASB’s YouTube channel afterwards. Register now: 24 Jun, 29 Jul, 5 Aug, 18 Aug. |
Webinar on climate risk in statutory audit |
Join the Institute of Chartered Accountants in England and Wales’ webinar on climate risk in the statutory audit. It considers how auditors are taking account of climate-related risks and offers practical tips for improving audit quality in this area. |
IAASB auditor post-implementation review feedback statement |
The IAASB published a feedback statement after its post-implementation review of auditor reporting. It summarizes the key themes and views shared by respondents as well as a roundtable discussion held in September 2020. |
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IESBA webinars on revisions to the Code |
The International Ethics Standards Board for Accountants’ (IESBA) will hold webinars on the recently released revisions to the Non-Assurance Services (NAS) and Fee-related provisions of the International Code of Ethics for Professional Accountants (including International Independence Standards). During each webinar, the IESBA representatives will explain key provisions of the revised NAS and fee-related independence standards that will come into effect in December 2022. Register now: 16 June fees webinar, 17 June NAS webinar. |
Extended deadline to IESBA’s Long Association Post-Implementation Review questionnaire |
The IESBA has extended the closing date for stakeholders to submit responses to its Long Association Post-Implementation Review questionnaire to 30 June. This feedback will help inform the IESBA’s review of the implementation of the five-year cooling-off requirement for engagement partners on audits of public interest entities in the International Independence Standards. |
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IFRS Foundation Trustees webinar update on sustainability project |
The IFRS Foundation Trustees invite interested stakeholders to register for live webinars on 7 July, which will provide an update on the work on setting up a proposed International Sustainability Standards Board. The webinars will summarize the feedback gathered during the Trustees’ 2020 Consultation and outline the Trustees’ strategic decisions and the remaining steps before the Trustees make a final determination on the new board by the United Nations COP26 conference in November. |
IFRS Foundation response to G7 finance ministers’ communique regarding global sustainability standards |
The IFRS Foundation provided comments on the communique issued by the G7 finance ministers that referenced ongoing work of the Trustees to consider the formation of a new sustainability board within the governance structure of the IFRS Foundation. |
IFRS Foundation establishes Eminent Persons Group |
The IFRS Foundation has established an Eminent Persons Group to provide strategic advice and counsel to the Trustees on the proposed formation of the International Sustainability Standards Board and its connectivity with jurisdictional initiatives. Its work complements other working groups and committees established to support the IFRS Foundation’s determination of its role in sustainability-related financial disclosures. The Institute is seeking comments on the IFRS Foundation Exposure Draft ED/20215 Proposed Targeted Amendments to the IFRS Foundation Constitution to Accommodate an International Sustainability Standards Board to Set IFRS Sustainability Standards by 2 July. |