The International Auditing and Assurance Standards Board (IAASB) has published proposed narrow-scope amendments to its international standards. These amendments aim to align with changes the International Ethics Standards Board for Accountants has made to the International Code of Ethics for Professional Accountants regarding the use of external experts' work.
SOCPA, through its Auditing Standards Board, has welcomed the IAASB's efforts to create better alignment and consistency between the International Standards on Auditing, Review, Assurance and Other Related Services and the International Code of Ethics for Professional Accountants when it comes to using external experts' work.
In its response, SOCPA highlighted several matters related to the project that could enhance the clarity of the proposed requirements for using external experts' work.
SOCPA's detailed views can be accessed by clicking here.