Group Audits – IAASB

Date recorded:

At its meeting on December 6-14, 2021, the IAASB unanimously approved ISA 600 (Revised) as a final standard. The Board will formally release the standard after confirmation is received from the Public Interest Oversight Board (PIOB) that proper due process was followed. The revised standard will be effective for periods beginning on or after December 15, 2023. In finalizing the standard, the Board considered the enhancements suggested by the ISA 600 Task Force and provided several suggestions to further clarify the standard. The Board also suggested a number of areas that should be emphasized in the Basis for Conclusions or implementation support material.

Review the summary, including the podcast, on the IAASB's Web site.

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Correction list for hyphenation

These words serve as exceptions. Once entered, they are only hyphenated at the specified hyphenation points. Each word should be on a separate line.