The International Auditing and Assurance Standards Board (IAASB) has released a plan for a post-implementation review of the clarified International Standards on Auditing (ISAs).

The post-implementation review is the second phase of the IAASB's efforts to monitor the implementation of these standards, following the release of a progress report in November 2010. The primary objective post-implementation review is to gather information about the use of the clarified ISAs to assist the IAASB to determine what, if any, changes are needed:

• in order to increase the consistency of practitioners' understanding of the ISAs
• for the revised ISAs covered by the review to achieve the IAASB's goals in revising them in an efficient and effective manner.

The review is focused on whether the clarified ISAs are being consistently understood and implemented in a way that achieves the IAASB's goals in revising and redrafting them, rather than revisiting whether the clarified ISAs need to be further enhanced to achieve audit quality (although any such changes identified during the review will be considered by the IAASB).

The IAASB aims to gather information during 2012, summarise the information received in early 2013, and present the findings at the June 2013 IAASB meeting for discussion. This timing will assist the IAASB in determining its priorities for 2014 and its next three year strategic planning cycle (2015—2017).

Input for the purpose of the review is requested by the IAASB no later than 31 October 2012. Click for IAASB press release (link to IFAC website).