LATEST UPDATE
Highlights from the March 2026 IAASB Meeting
During the IAASB quarterly board meeting, available on:
https://www.iaasb.org/meetings/iaasb-quarterly-board-meeting-0, the following was approved:
- The exposure draft of ISRE 2410 (Revised), available on:
https://www.iaasb.org/consultations-projects/review-interim-financial-information-isre-2410
This will be published for public consultation in early May, with a 120-day comment period.
- The Technology Quality Management Workstream Action Plan to Develop Non-Authoritative Material, available on:
This sets out the scope, approach, governance, and timeline for developing non-authoritative materials to support consistent and effective application of our quality management standards when technological tools enabled by emerging technologies are used in engagements.
- The project proposal to revise selected items in the ISA 500 Series: ISA 501 and ISA 505, available on:
https://www.iaasb.org/consultations-projects/isa-500-series
This project will modernise these standards to better reflect the business and audit environment, including the implications of using technology.
Other topics discussed include:
- Audit Evidence and Risk Response (Project Stage: Exposure Draft Development), available on:
- ISA for LCE Maintenance (Project Stage: Exposure Draft Development), available on:
https://www.iaasb.org/consultations-projects/first-revision-isa-less-complex-entities
- Subject-matter-specific Assurance Engagements.
