ASB meeting agenda and materials January 11-14, 2021

Meeting Date: January 11-14, 2021
Place: Via VideoConference (Zoom)
Times are EST

ASB January 2021 meeting agenda

Agenda Item 1 – NOCLAR

• Agenda Item 1 – Discussion Memo
• Agenda Item 1A – Draft exposure draft of the proposed SAS, Inquiries of the Predecessor Auditor Regarding Fraud and Noncompliance With Laws and Regulations – redline to show changes from clean draft included in the agenda material for the ASB’s October 2020 meeting
• Agenda Item 1B – Draft exposure draft of the proposed SAS, Inquiries of the Predecessor Auditor Regarding Fraud and Noncompliance With Laws and Regulations – clean

Agenda Item 2 – Quality Management

• Agenda Item 2 – Discussion Memo
• Agenda Item 2A – Proposed SQMS A Firm’s System of Quality Control, marked from December meeting
• Agenda Item 2B – Proposed SQMS Engagement Quality Reviews, marked from December meeting
• Agenda Item 2C – Proposed SAS Quality Management for an Engagement Conducted in Accordance with Generally Accepted Auditing Standards, marked from December meeting
• Agenda Item 2D – Proposed amendments to GAAS resulting from the QM standards
• Agenda Item 2E – Proposed amendments to ISAs resulting from IAASB QM standards (for comparative purposes)
• Agenda Item 2F – Proposed exposure draft “wrap”
• Agenda Item 2G – Proposed SQMS A Firm’s System of Quality Control, marked against ISQM 1
• Agenda Item 2H – Proposed SQMS Engagement Quality Reviews, marked against ISQM 2
• Agenda Item 2I – Proposed SAS Quality Management for an Engagement Conducted in Accordance with Generally Accepted Auditing Standards, marked against ISA 220 (Revised)

Agenda Item 3 – Risk Assessment

• Agenda Item 3 – Discussion Memo

Agenda Item 4 – ASEC Liaison Meeting

There are no advance agenda materials

Agenda Item 5 – TIC Liaison Meeting

There are no advance agenda materials

Agenda Item 6 – Attestation Standards (Direct Reviews)

• Agenda Item 6 – Discussion Memo

Agenda Item 7 – Group Audits

• Agenda Item 7 – Discussion Memo
• Agenda Item 7A – December 2020 IAASB Proposed ISA 600 (Revised) Issues Paper
• Agenda Item 7B – IAASB Exposure Draft Proposed International Standard on Auditing 600 (Revised), Special Considerations—Audits of Group Financial Statements (Including the Work of Component Auditors) (April 2020)

Agenda Item 8 – Going Concern/Fraud 

• Agenda Item 8 – Discussion Memo
• Agenda Item 8A – Summary of Survey Results