Latest developments in the auditing profession

Last Updated Wednesday, June 13, 2018 01:54:11 PM



Standards and Legislation newsletter


Standards and Legislation news – 7 June  2018


Standards and Legislation news – 3 May 2018


Standards and Legislation news – 5 April 2018

  • IFIAR releases 2017 Inspection Findings Survey IFIAR released its sixth annual survey of findings identified by its members in their individual inspections of audit firms affiliated with six large, international audit firm networks.
  • RegTech will help transform audit In this recording, Liv Watson highlights that RegTech will allow for audit analytics during the entire year, and a more trusted audit.
  • How blockchain might affect audit and assurance This article highlights that although emerging blockchain technology may significantly change financial statement auditing, accounting professionals will continue carrying an important role in the audit.

Standards and Legislation news – 1 March 2018

  • 2018 SAICA Audit Back to Basics Seminar This seminar will explain certain basic auditing concepts by referring to the requirements of the standards and how it should be applied through practical examples.
  • ACCA: Tenets of a quality audit ACCA's Tenets of a quality audit is built upon the IAASB's Framework for Audit Quality and articulate the features that a quality audit should possess.

Standards and Legislation news - 29 January 2018

  • Podcast: Evolving with blockchain In this podcast, Ron Quaranta of the Wall Street Blockchain Alliance and Erik Asgeirsson of discuss how blockchain offers tremendous opportunities for accountants.

Standards and Legislation news - 18 January 2018

Standards and Legislation news - 7 December 2017   

  • IRBA Inspections: JSE Accreditation of Auditors The IRBA Inspections Department provides clarity on the new listing requirement for an audit regulator to have completed a firm-wide independent quality control inspection on the audit firm.
  • IRBA issues Exposure Draft: Proposed SAAEPS 1 The IRBA have issued proposed SAAEPS 1, Sustainability Assurance Engagement Concepts: Evaluating the Rational Purpose, the Appropriateness of the Underlying Subject Matter and the Suitability of Criteria for exposure for public comment by 29 March 2018.
  • Blockchain, AI, and Accounting Blockchain technology, although most well-known for cryptocurrencies such as Bitcoin, is forecasted to have wide-ranging implications for how data is secured, transmitted, and protected.

 Standards and Legislation news - 9 November 2017

  • Webcast: Blockchain will impact accounting Rich de Moll, Vice President, Blockchain Solutions for Finance IBM, discusses how the technology will allow accountants and auditors the ability to trust the data Blockchain provides.

 Standards and Legislation news - 12 October 2017   

  • IAASB: ISA 600 Project Update A publication was issued on the matters that are being considered in revising ISA 600. Revisions relating to group audits are also considered in other IAASB projects.
  • Keeping the Audit Profession Attractive Accountancy Europe gathered views on the audit profession's attractiveness, as well as ideas on keeping it attractive, by interviewing 21 key stakeholders.

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