Suite of Revised and New Quality Managements Standards

The International Auditing and Assurance Standards Board (IAASB) Suite of Revised and New Quality Managements Standards have been adopted and issued by the IRBA.

 

Title Date Issued Effective Date Download Documents
International Standard on Quality Management  - International Standard on Quality Management 1 (Previously International Standard on Quality Control 1) Quality Management for Firms that Perform Audits or Reviews of Financial Statements, or Other Assurance or Related Services Engagements March 2021

Systems of quality management in compliance with this ISQM are required to be designed and implemented by 15 December 2022


The evaluation of the system of quality management required by paragraphs 53-54 of this ISQM is required to be performed within one year following 15 December 2022

PDF
International Standard on Quality Management 2 - International Standard on Quality Management 2
Engagement Quality Reviews
March 2021

Audits and reviews of financial statements for periods beginning on or after 15 December 2022


Other assurance and related services engagements beginning on or after 15 December 2022

PDF
International Standard on Auditing 220 (Revised) - ISA 220 (Revised) Quality Management for an Audit of Financial Statements March 2021 Audits of financial statements for periods beginning on or after 15 December 2022 PDF

 

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