The International Audit and Assurance Standards Board (IAASB) has issued a new updated ISA No. 220 "Quality Management For An Audit Of Financial Statements".
In accordance with the approved procedures for new or revised versions of standards, SOCPA examined and translated the updated standard.
And in keeping with said procedures, SOCPA is required to publish the updated standard on its website and ask interested parties for their feedback or amendments (if any), so that the committee can take them into consideration.
SOCPA, represented by its Audit Standards Committee, hopes interested parties will familiarize themselves with the standard and provide any comments via the designated form on the standard itself or on its translation.
Click Here to read the updated standard.