2020 Handbook of International Standards

BOARD NOTICE 146 of 2021: THE ADOPTION OF INTERNATIONAL QUALITY CONTROL, AUDITING, REVIEW, OTHER ASSURANCE, AND RELATED SERVICES PRONOUNCEMENTS HANDBOOKS IN TERMS OF THE AUDITING PROFESSION ACT 26 OF 2005 (THE ACT)

IAASB HANDBOOK OF INTERNATIONAL QUALITY CONTROL, AUDITING, REVIEW, OTHER ASSURANCE, AND RELATED SERVICES PRONOUNCEMENTS

2020 HANDBOOK VOLUME I

  • Changes of Substance from the 2020 Edition of the Handbook and Recent Developments
  • The International Federation of Accountants’ Role
  • Structure of Pronouncements Issued by the International Auditing and Assurance Standards Board
  • Preface to the International Quality Control, Auditing, Review, Other Assurance, and Related Services Pronouncements
  • Glossary of Terms
  • International Standards on Quality Control (ISQCs)
  • Audits of Historical Financial Information:
    • International Standards on Auditing (ISAs)
    • International Auditing Practice Notes (IAPNs)
    • New and Revised Standards Not Yet Effective

ISA 315 (Revised 2019), Identifying and Assessing the Risks of Material Misstatement – Effective for audits of financial statements for periods beginning on or after 15 December 2021

Conforming and Consequential Amendments to Other International Standards Arising from ISA 315 (Revised 2019)

ISQM 1, Quality Management for Firms That Perform Audits or Reviews of Financial Statements, or Other Assurance or Related Services Engagements - Effective as of 15 December 2022

ISQM 2, Engagement Quality Reviews - (Effective for audits and reviews of financial statements for periods beginning on or after 15 December 2022; and effective for other assurance and  related services engagements beginning on or after 15 December 2022

ISA 220 (Revised), Quality Management for An Audit of Financial Statements - Effective for audits of financial statements for periods beginning on or after 15 December 2022

Conforming Amendments to International Standards on Auditing (ISA) and Related Material Arising from the Quality Management Projects

Conforming Amendments to Other IAASB Standards Arising from the Quality Management Projects

Summary of Conforming and Consequential Amendments to IRBA Pronouncements Arsing from the IAASB QM Standards


2020 HANDBOOK VOLUME II

  • Audits and Reviews of Historical Financial Information
  • International Standards on Review Engagements (ISREs)
  • Assurance Engagements other than Audits or Reviews of Historical Financial Information
    • International Standards on Assurance Engagements (ISAEs)
  • Related Services
    • International Standards on Related Services (ISRSs)
    • New and Revised Standards Not Yet Effective

International Standard on Related Services (ISRS) 4400 (Revised), Agreed-Upon Procedure Engagements - Effective for agreed-upon procedures engagements for which the terms of engagement are agreed on or after 1 January 2022


SUPPLEMENT TO THE HANDBOOK OF INTERNATIONAL QUALITY CONTROL, AUDITING, REVIEW, OTHER ASSURANCE, AND RELATED SERVICES PRONOUNCEMENTS


2020 HANDBOOK VOLUME III

  • A Framework for Audit Quality: Key Elements that Create an Environment for Audit Quality
  • Amended International Framework for Assurance Engagements

“The Handbook of International Quality Control, Auditing, Review, Other Assurance, and Related Services Pronouncements, 2020 Edition is based on the Handbook of International Quality Control, Auditing, Review, Other Assurance, and Related Services Pronouncements, 2020 Edition of the International Auditing and Assurance Standards Board, published by the International Federation of Accountants (IFAC) in October 2021 and is used with permission of IFAC.

Handbook of International Quality Control, Auditing, Review, Other Assurance, and Related Services Pronouncements, 2020 Edition © April 2021 by the International Federation of Accountants.

Contact permissions@ifac.org for permission to reproduce, store or transmit, or to make other similar uses of this document.”.