LEAF newsletter Archives - Leaf Quality Systems (Pty) Ltd

ISA 330: A Proposed Shift towards a More Genuinely Risk-based Audit
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ISA 330: A Proposed Shift towards a More Genuinely Risk-based Audit

LEAF Quality Systems (Pty) Ltd2026-11-03T13:08:32+02:00

The IAASB has proposed removing paragraph 18 of ISA 330, the requirement for substantive procedures on every material balance. What does it mean for a risk-based audit?

ISA 330: A Proposed Shift towards a More Genuinely Risk-based AuditLEAF Quality Systems (Pty) Ltd2026-11-03T13:08:32+02:00

Responding to Actual or Suspected Fraud: The Specific Requirements of ISA 240 (Revised)
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General LEAF

Responding to Actual or Suspected Fraud: The Specific Requirements of ISA 240 (Revised)

LEAF Quality Systems (Pty) Ltd2026-11-03T13:02:44+02:00

ISA 240 (Revised) adds a dedicated section on fraud or suspected fraud (paragraphs 55–58). Learn what auditors must do, from understanding the matter to communication and documentation.

Responding to Actual or Suspected Fraud: The Specific Requirements of ISA 240 (Revised)LEAF Quality Systems (Pty) Ltd2026-11-03T13:02:44+02:00

ISA 570 (Revised 2024): Going Concern Reporting
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General LEAF

ISA 570 (Revised 2024): Going Concern Reporting

LEAF Quality Systems (Pty) Ltd2026-11-03T12:43:21+02:00

ISA 570 (Revised 2024) requires auditors to describe their going concern conclusion in the auditor’s report, for audits of periods beginning on or after 15 December 2026. Here is what changes.

ISA 570 (Revised 2024): Going Concern ReportingLEAF Quality Systems (Pty) Ltd2026-11-03T12:43:21+02:00