Technical new in brief March 2022
ICAEW's Audit and Assurance Faculty brings you the latest technical updates on developments in auditing and assurance, financial reporting and ethics.
ISSB consultation on proposed standards
Financial Reporting | 31 March 2022The International Sustainability Standards Board (ISSB) has launched a consultation on its first two proposed standards looking at general sustainability related disclosure requirements and climate related disclosure requirements. The deadline for comments is 29 July 2022.
ISSB plans to build on SASB standards
Financial Reporting | 31 March 2022The International Sustainability Standards Board (ISSB) have communicated plans to build upon the Sustainability Accounting Standards Board (SASB) Standards and leverage the SASB’s industry-based approach to standards development.
Ukraine: key considerations for auditors
Audit and Assurance | 31 March 2022The Public Company Accounting Oversight Board (PCAOB) has released a staff Spotlight entitled ‘Auditing Considerations Related to the Invasion of Ukraine’ highlighting important considerations for auditors of issuers and broker-dealers.
Interconnected approach for sustainability disclosures
Financial Reporting | 24 March 2022The International Financial Reporting Standards (IFRS) Foundation and Global Reporting Initiative have announced a collaboration agreement whereby the International Sustainability Standards Board (ISSB) and the Global Sustainability Standards Board (GSSB) will seek to coordinate their work programmes and standard-setting activities.
IFRS Accounting Taxonomy 2022
Financial Reporting | 24 March 2022The International Financial Reporting Standards (IFRS) Foundation has published the IFRS Accounting Taxonomy 2022.
Exploring the IESBA Code
Ethics | 18 March 2022The International Federation of Accountants (IFAC) has released a new resource exploring the application of the International Code of Ethics for Professional Accountants (the Code) in relation to artificial intelligence.