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IAASB_FAQ on Proposed ISSA 5000
- 08 August 2023
- Accounting
- South African Accounting Academy
This publication contains 12 FAQs and was prepared by the staff of the IAASB.
It applies to both limited and reasonable assurance engagements on sustainability information reported across any sustainability topic.
It can be used as guidance by all assurance practitioners, as long as they comply with relevant ethical requirements and apply a system of quality management.
Click here to download the FAQ document:
Relevance to Auditors, Independent Reviewers & Accountants:
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As an auditor and independent reviewer, you need to comply with International Standards on Auditing and other Assurance Services, and thus you need knowledge of newly revised standards that are approved as well as when they become effective.
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Auditors, Independent Reviewers and Accountants should be aware of the latest publications and guidance issued by regulators, such as the IAASB.
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As an auditor and independent reviewer, you should be aware of proposed new standards and related publications (like FAQs) issued by the standard-setting bodies, e.g. the IAASB.
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The ISSA deals with both reasonable and limited assurance engagements, and 12 FAQs assist auditors with these engagements.
Relevance to Your Clients:
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None