LATEST UPDATE

IAASB Announces Additional Ways to Engage on Audit Evidence and Risk Response Proposals

The International Auditing and Assurance Standards Board (IAASB) is providing additional opportunities for stakeholders to engage with its proposed revisions to ISA 330, The Auditor’s Responses to Assessed Risks; ISA 500, Audit Evidence; and ISA 520, Analytical Procedures, during the public consultation period, available on:

https://www.iaasb.org/focus-areas/strengthening-risk-based-audit-framework-proposed-revisions-isa-330-isa-500-and-isa-520

A new User Consultation Survey provides a targeted way for users of financial statements to share their perspectives on selected aspects of the proposals, and is available on:

https://survey.alchemer.com/s3/8970546/IAASB-User-Consultation-Survey-on-the-Exposure-Drafts-for-the-Audit-Evidence-and-Risk-Response-Project

The IAASB encourages all stakeholders to share the survey, which is open until 15 December 2026, broadly with users of financial statements.

The IAASB is also hosting a two-part webinar se/IAASB-User-Consultation-Survey-on-the-Exposure-Drafts-for-the-Audit-Evidence-and-Risk-Response-Project

The exposure drafts are open for public comment until 15 December 2026.