Technical roundup 22 March

Mar 21, 2019

Developments of interest this week are set out below.   




  • The March 2019 IASB Update has been published and the work plan updated.
  • The International Auditing & Assurance Standards Board (IAASB) recently released for public comment three interrelated exposure drafts that address quality management. The proposals bring important changes to the way professional accountancy firms are expected to manage quality—for audits, reviews and other assurance and related services engagements.
  • Following extensive research by 16 accountancy bodies from across the world, commissioned research looking at the challenges and opportunities that SMPs and professional accountancy organizations (PAOs) face in this volatile and uncertain environment - the findings are presented in the January 2019 report 'The SMP of the future in a changing world.'