LONDON - The International Auditing
and Assurance Standards Board (IAASB) published
narrow-scope amendments to its standards arising from
the International Ethics Standards Board for Accountants’ (IESBA) Using the
Work of an External Expert project.
These amendments respond to the IESBA’s
recently approved revisions to its International Code of Ethics for
Professional Accountants (including International Independence Standards),
which introduced, among other provisions, explicit ethical requirements for
using the work of external experts in audit, assurance, and non-assurance
engagements. The IAASB’s updates reflect ongoing collaboration and coordination
between the IAASB and IESBA and help to maintain interoperability
between the IAASB standards and the IESBA Code.
The targeted amendments affect the
following IAASB standards:
ISA 620, Using the Work of an Auditor’s Expert
ISRE 2400 (Revised), Engagements to Review Historical Financial Statements
ISAE 3000 (Revised), Assurance Engagements Other than Audits or Reviews of Historical Financial Information
ISRS 4400 (Revised), Agreed-upon Procedures Engagements
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