New implementation guide available for quality management for audits of financial statements

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Feb 17, 2022

On February 17, 2022, the International Auditing and Assurance Standards Board (IAASB) released "First-time Implementation Guide for ISA 220, Quality Management for an Audit of Financial Statements". The guide will help stakeholders understand the standard and properly implement its requirements as intended.

Alongside the previously released implementation guides for International Standard on Quality Management (ISQM) 1 and 2, the new Guide will help stakeholders implement the IAASB’s suite of quality management standards. The suite of standards was released in December 2020 and come into effect on December 15, 2022.

Review the press release and guide on the IAASB's website.

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