current issues

Pick any one out of the exposure drafts that are listed below BUT NOTE PARTICULARLY THE LAST COUPLE OF LINES OF THIS POST!

” Drafts (EDs)

IAASB – Responding to Non-Compliance or Suspected Non-Compliance with Laws and Regulations

IESBA – Responding to Non-Compliance with Laws and Regulations

IESBA Responding to a Suspected Illegal Act Other Documents

ACCA’s Code of Ethics and Conduct

International Ethics Standards Board for Accountants (IESBA’s)

Code of Ethics for Professional Accountants (Revised May 2015)

IESBA – Changes to the Code Addressing Certain Non-Assurance Services

Provisions for Audit and Assurance Clients

ACCA’s Technical Factsheet 145 – Anti Money-Laundering Guidance for the Accountancy Sector

The UK Corporate Governance Code as an example of a code of best practice (Revised September 2014)

FRC Guidance on Audit Committees (Revised September 2012) as an example of guidance on best practice in relation to audit committees

IAASB Practice Alert Challenges in Auditing Fair Value Accounting Estimates in the Current Market Environment (October 2008)

IAASB Practice Alert Audit Considerations in Respect of Going Concern in the Current Economic Environment (January 2009)

IAASB Applying ISAs Proportionately with the Size and Complexity of an Entity (August 2009)

IAASB XBRL : The Emerging Landscape (January 2010)

IAASB Auditor Considerations Regarding Significant Unusual or Highly Complex Transactions (September 2010)

IAASB Questions and Answers Professional Scepticism in an Audit of Financial Statements (February 2012)

IESBA Staff Questions and Answers on Implementing the Code of Ethics

IAASB Staff Questions & Answers – Applying ISQC1 Proportionately with the Nature and Size of a Firm (October 2012)

IAASB A Framework for Audit Quality: Key Elements that Create an Environment for Audit Quality (February 2014)

Note: Topics of exposure drafts are examinable to the extent that relevant articles about them are published in student accountant.