The proposals in the Exposure Draft include:
- Changes in key terminology, including a revised definition of the term “assurance client”;
- Enhanced and clarified independence requirements for attestation engagements;
- Clarification of the types of assurance engagement addressed in Part 4B; and
- Simplified guidance on assurance engagements that refer to the definitive source of explanatory material on such engagements in IAASB literature.
The proposals were developed in close cooperation with representatives of the IAASB, as part of the coordination programme of the two standard setting boards.
Comments on the Exposure Draft are requested by 26 June 2019.
Source: The International Ethics Standards Board for Accountants (IESBA)
Published: 27/03/2019