Review the press release and survey on the IFIAR's website.

Re­view the press re­lease on the IAASB's web­site.

These videos are available in English; translated transcripts are also available in Spanish and French and consist of:

• ISQM 1: Getting Ready for the New Risk-Based Approach – a discussion of the standard and the shift in mindset needed to apply the new risk-based approach.
• ISQM 1: Early Lessons Learned and Next Steps - a discussion on how to get started on implementation and tips and best practices.

Re­view the press re­lease and videos on IFAC’s web­site.

The study’s purpose was to better understand the Canadian KAM reporting experience of Toronto Stock Exchange (TSX)-listed entities and communicate relevant insights to auditors and other stakeholders to assist in future KAM communications.

The overview summarizes:

• the study’s key findings;
• the hints and tips from the study for the next implementation wave; and
• non-authoritative guidance to assist auditors in future KAM communications, including those who are implementing KAM reporting for the first time.

Review the press release and publication.

The guide focuses on the more substantial changes that were made to International Standard on Auditing (ISA) 315 (Revised 2019) and will help stakeholders understand and apply the revised standard as intended.

ISA 315 (Revised 2019) is effective for audits of financial statements for periods beginning on or after December 15, 2021. This publication does not amend or override ISA 315 (Revised 2019), the text of which alone is authoritative. Reading this publication is not a substitute for reading the standard.

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

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.

Working with other auditors can differ from working with people in the same firm, creating challenges in coordination and communication. These challenges can lead to misunderstandings about the nature, timing, and extent of the other auditors’ work and can reduce audit quality.

To address such situations, the amendments, which include changes to existing standards and adoption of a new standard, improve PCAOB standards principally by:

• Specifying certain procedures for the lead auditor to perform when planning and supervising an audit that involves other auditors; and
• Applying a risk-based supervisory approach to the lead auditor’s oversight of other auditors for whose work the lead auditor assumes responsibility.

The amendments apply to all audits conducted under PCAOB standards. Subject to approval by the Securities and Exchange Commission, the amendments will take effect for audits of financial statements for fiscal years ending on or after December 15, 2024.

Review the press release and amendments on the PCAOB's website.

Review the amendments on the PCAOB's website.

In keynote remarks at annual AICPA conference, Chair Williams tells firms: “Resist complacency, sharpen your focus and meet your responsibility to verify the honesty our system depends on with a vigilance that is worthy of [investors’] trust.”

Review the full speech on the PCAOB's website.

In her speech, she described how the PCAOB released their five-year strategic plan, outlining four key goals:

• One, modernizing our standards,
• Two, enhancing our inspections, 
• Three, strengthening our enforcement, and 
• Four, improving organizational effectiveness.

Review the speech on the PCAOB's website.