exposure draft Archives - Leaf Quality Systems (Pty) Ltd

Exposure Draft Consolidation Exception Published by IASB
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Exposure Draft Consolidation Exception Published by IASB

LEAF Quality Systems (Pty) Ltd2026-07-01T18:50:45+02:00

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 [...]

Exposure Draft Consolidation Exception Published by IASBLEAF Quality Systems (Pty) Ltd2026-07-01T18:50:45+02:00

Exposure Draft: Proposed SAAPS 3 (Revised XXX 2026), Illustrative Reports
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Exposure Draft: Proposed SAAPS 3 (Revised XXX 2026), Illustrative Reports

LEAF Quality Systems (Pty) Ltd2026-07-01T18:51:59+02:00

LATEST UPDATE Exposure Draft: Proposed SAAPS 3 (Revised XXX 2026), Illustrative Reports The Independent Regulatory Board for Auditors’ Committee for Auditing Standards has approved the issuing of the proposed South African Auditing Practice Statement (SAAPS) 3 (Revised XXX 2026), Illustrative Reports, for exposure on public comment by 7 August 2026. The proposed SAAPS 3 (Revised) includes significant revisions to SAAPS 3, including the following. The incorporation of new and revised reporting requirements arising from: ISA 570 (Revised 2024), Going Concern ISA 240 (Revised), The Auditor’s Responsibilities Relating to Fraud in an Audit of Financial Statements [...]

Exposure Draft: Proposed SAAPS 3 (Revised XXX 2026), Illustrative ReportsLEAF Quality Systems (Pty) Ltd2026-07-01T18:51:59+02:00

IAASB Seeks Feedback on Proposed Revisions to ISRE 2410 to Strengthen Interim Review Engagements
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IAASB Seeks Feedback on Proposed Revisions to ISRE 2410 to Strengthen Interim Review Engagements

Leaf Quality Systems2026-05-29T11:36:49+02:00

LATEST UPDATE IAASB Seeks Feedback on Proposed Revisions to ISRE 2410 to Strengthen Interim Review Engagements The International Auditing and Assurance Standards Board has released for public consultation an Exposure Draft that proposes revisions to International Standard on Review Engagements (ISRE) 2410, Review of Interim Financial Information by the Independent Auditor of the Entity’s Annual Financial Statements. The proposed revisions represent the first comprehensive review of the standard since its issuance in 2005. These proposed revisions reflect changes in the global environment, and improvements to the audit and assurance model made over the last two [...]

IAASB Seeks Feedback on Proposed Revisions to ISRE 2410 to Strengthen Interim Review EngagementsLeaf Quality Systems2026-05-29T11:36:49+02:00