IESBA staff publication explores ethical considerations for accountants using emerging technologies, ahead of upcoming AI guidance.
Key outcomes from the IAASB's June 2026 board meeting, including ISA 330, ISA 500, ISA 520 and LCE exposure drafts.
FICA sections 30, 54, 55 and 70 commenced 1 July 2026, alongside amended money laundering regulations. Here's what changed.
IASB issues targeted amendments clarifying fair value option eligibility in IAS 28, aligning with new IFRS 18 requirements.
IRBA issues an exposure draft guide for registered auditors on medical scheme assurance engagements. Comments are due by 27 August 2026.
IAASB publishes new FAQs on applying materiality under ISSA 5000 for sustainability assurance engagements. Here's what auditors need to know.
LATEST UPDATE Exposure Draft Consolidation Exception In May 2026, the IASB published the Exposure Draft Consolidation Exception, which is available on: https://www.ifrs.org/content/dam/ifrs/project/ifrs-for-smes-accounting-standard-consolidation-exception/ed-iasb-sme-2026-1-consolidation-exception.pdf It addresses a question that was raised to the SMEIG and is open for comment until 9 September 2026, with more details on: https://www.ifrs.org/projects/work-plan/ifrs-for-smes-accounting-standard-consolidation-exception/ed-cl-consolidation-exception/ The application question was about whether the exception in paragraph 9.3 of the IFRS for SMEs Accounting Standard (Standard), from preparing consolidated financial statements (the ‘consolidation exception’), applies to an intermediate parent, if its ultimate (or intermediate) parent is an investment entity that produces separate financial statements in which [...]
LATEST UPDATE Targeted Ethics Code Update on Firm Culture and Governance Single, high-level, overarching requirement anchors firm culture and governance in the Code globally, allowing for development of practical guidance outside the Code to support implementation. Targeted approach aims to minimise compliance burden and costs by avoiding prescriptive provisions. Exposure draft planned for December 2026, with final approval targeted by end 2027. Firm culture and governance will be addressed through a targeted update to the International Code of Ethics for Professional Accountants (including International Independence Standards) (the Code), available on: https://www.ethicsboard.org/iesba-code This follows a decision [...]
LATEST UPDATE New Educational Modules on the Third Edition of IFRS for SMEs Published The IFRS Foundation has published four new educational resources to help stakeholders learn, apply and implement the third edition of the IFRS for SMEs Accounting Standard. The new educational modules are: Module 13 – Inventories Module 17 – Property, Plant and Equipment Module 21 – Provisions and Contingencies Module 30 – Foreign Currency Translation Each module provides practical support and includes a comparison with the related full IFRS Accounting Standard. The educational models are available on: https://www.ifrs.org/supporting-implementation/2025-ifrs-for-smes-supporting-materials/modules/ more [...]
LATEST UPDATE IESBA Releases Snapshot on Ethics and Independence Approach to Technology Snapshot explains how the IESBA Code applies to the use of technology. Highlights ethics and independence considerations arising from AI, digital assets, and other technologies. Outlines IESBA’s three-pillar approach to keeping the Code fit for purpose in a fast-changing environment. The International Ethics Standards Board for Accountants (IESBA) has released a new snapshot focused on ethics and independence in the use of technology. IESBA’s snapshots are short, plain-language overviews designed to help professionals and stakeholders to quickly understand IESBA's approach to key topics. [...]
