Official account of the International #Auditing & Assurance Standards Board. Follow #IAASB for updates on auditing, quality management, review, and assurance.
We joined the Pan African Federation of Accountants this week for its Empower SMPs and SMEs for Sustainable Growth, Trust and Transformation in Africa event to discuss the ISA for LCE. Thank you, PAFA, for your leadership in raising awareness of the standard!
๐ฑ Is your jurisdiction preparing to adopt ISSA 5000, the IAASBโs new sustainability assurance standard? Looking for support and guidance to apply it effectively?
Weโve got you covered.
๐ Visit: https://t.co/1stQ77L7Hm
๐ Projects & Progress Updates
๐ Swipe through the graphics below for an at-a-glance view of our projects after the June meeting, and visit our website for more detail:
https://t.co/kGccutYvoQ
๐ข We have released proposed targeted revisions to the ISA for Less Complex Entities (ISA for LCE).
๐ Comments are requested by November 17, 2026.
Read the Exposure Draft and share your feedback:
https://t.co/MIgvApbIBr
Missed our ISSA 5000 Materiality FAQs?
The FAQs provide practical guidance on how materiality is applied throughout a sustainability assurance engagement, with explanations and illustrative examples.
Find it & more at: https://t.co/1stQ77KzRO
Sustainability assurance is growing rapidly. Is it keeping page with stakeholder expectations? New independent research examined practices across 120 of the world's largest listed companies.
Read it here: https://t.co/fd3vWRlccm
Our latest IAASB eNews is out, with updates on our standard-setting work and priorities for the months ahead.
Read the full eNews for details, resources, and upcoming milestones: https://t.co/GDRpDWchHz
๐ #AuditQuality
๐ฟ Giving back in NYC! ๐
Last month, IFAC and IFEA employees and interns volunteered at Jackie Robinson Park, removing 27 bags of debris to help keep this community space clean and welcoming.
๐ Thank you to everyone who volunteered!
As we develop our 2028โ2031 Strategy and Work Plan, we're listening carefully to the trends and priorities our stakeholders believe will shape the future of audit and assurance. Highlights from initial analysis below.
Visit our website for the full deck: https://t.co/TGll23Fm5e
Reminder: Our Exposure Draft proposing revisions to ISRE 2410, Review of Interim Financial Information by the Independent Auditor of the Entityโs Annual Financial Statements, is currently open for public consultation. Share your feedback by Sept. 3.
๐ https://t.co/JzKZmyQ54A
Last week, we joined leaders at IFAC Connect Africa 2026 in Algeria to discuss ๐๐ซ๐ฎ๐ฌ๐ญ ๐ข๐ง ๐๐ซ๐๐๐ญ๐ข๐๐: ๐๐ญ๐ก๐ข๐๐ฌ, ๐๐ฌ๐ฌ๐ฎ๐ซ๐๐ง๐๐, ๐๐ง๐ ๐๐. Thank you to @IFAC, @PAFA_SA and the Ordre National des Experts Comptables d'Algรฉrie for the invitation!
As organizations increasingly seek assurance over sustainability information, high-quality, globally consistent assurance standards remain essential to supporting trust and confidence in sustainability reporting. Thank you to IFAC, AICPA & CIMA for this valuable research.
๐๐ New IFAC, AICPA & CIMA research shows the global sustainability reporting ecosystem is becoming less fragmented and increasingly structured, standardized, and integrated.
Read the latest State of Play report: https://t.co/uUkGi42pwy
#IFAC#SustainabilityReporting
๐๐๐๐ฉ๐ข๐ง๐ ๐ฎ๐ฌ๐๐ซ ๐ฏ๐จ๐ข๐๐๐ฌ ๐๐ญ ๐ญ๐ก๐ ๐๐๐ง๐ญ๐๐ซ ๐จ๐ ๐ ๐ฅ๐จ๐๐๐ฅ ๐ฌ๐ญ๐๐ง๐๐๐ซ๐ ๐ฌ๐๐ญ๐ญ๐ข๐ง๐ ๐๐ฌ
Last week, along with our partner board @Ethics_Board, we convened the joint IAASB-IESBA User Advisory Group, a forum for financial statement users to share input.
How is materiality applied in sustainability assurance engagements under ISSA 5000?
New FAQs on materiality available on the IAASB website, along with other implementation resources, here: https://t.co/1stQ77KzRO
The Monitoring Group has issued a call for applications for new members of the Public Interest Oversight Board (PIOB), with appointments beginning on or before January 1, 2027. Applications are open through July 31, 2026.
Learn more & apply here: https://t.co/QoLetS5QAB
Our Chair @SeidensteinTom recently joined the Edinburgh Group for a discussion on our priorities and projects.
The SMP community plays a vital role in helping us develop high-quality global standards that are practical, scalable, and responsive to the realities of practice.