Proposed Due Process Policy serves Public Interest

The Independent Regulatory Board for Auditors’ (IRBA) Committee for Auditing Standards (CFAS) has approved the release of the Proposed Due Process Policy for the Development, Adoption and Issue of Quality Management, Auditing, Review, other Assurance and Related Services Pronouncements (Revised March 2024) in March 2024 on exposure, for public comment until 31 May 2024.

This proposed policy serves the public interest by facilitating an understanding of the CFAS’ objectives and operating procedures.
Previously, the CFAS had issued an exposure draft with the same name (Revised November 2022), which was issued for exposure on 30 November 2022, with comments required to be submitted by 30 March 2023.

The important comments raised during that initial exposure period, including IRBA’s response, are now reflected in this revised exposure draft.

The CFAS seeks responses to questions set out in the Explanatory Memorandum section. Please email by 31 May 2024 to submit comments, in Word format, or any queries you may have.