ASB meeting agenda and materials May 11-12, 2022

Meeting Date: May 11-12, 2022

The meeting will be held as a webinar and can be observed by registering via this link.

ASB May 2022 meeting agenda
ASB May 2022 meeting materials

Agenda Item 2 – Quality Management

• Agenda Item 2 – Discussion Memorandum
• Agenda Item 2A – Proposed SQMS A Firm’s System of Quality Control, marked from January meeting
• Agenda Item 2B – Proposed SQMS Engagement Quality Reviews, marked from January meeting
• Agenda Item 2C – Proposed SAS Quality Management for an Engagement Conducted in Accordance with Generally Accepted Auditing Standards, marked from January meeting
• Agenda Item 2D – Proposed amendments to GAAS resulting from the QM standards
• Agenda Item 2E – Substantive differences between the IAASB and the ASB QM standards
• Agenda Item 2F – Proposed SQMS A Firm’s System of Quality Control, marked against ISQM 1
• Agenda Item 2G – Proposed SQMS Engagement Quality Reviews, marked against ISQM 2
• Agenda Item 2H – Proposed SAS Quality Management for an Engagement Conducted in Accordance with Generally Accepted Auditing Standards, marked against ISA 220 (Revised)
• Agenda Item 2I – Draft “Crosswalk”
• Agenda Item 2J – Executive Summary

Agenda Item 3 – Fraud

• Agenda Item 3 – Fraud Cover Memo
• Agenda Item 3A – Summary of the IAASB’s fraud project (for complete IAASB project proposal click here or on the link provided in the next section)

For Informational/Reference Purposes

• Agenda Item 3B – ASB Comment Letter to the IAASB dated January 29, 2021
• [Click here to view] IAASB Project Proposal, Revision of ISA  240 and the Conforming and Consequential Amendments to Other Relevant ISAs to Enhance or Clarify the Auditor’s Responsibilities on Fraud in an Audit of Financial Statements
• [Click here to view] March 2022 IAASB PowerPoint presentation during Fraud discussion

Agenda Item 5 – Definition of PIEs

• Agenda Item 5  – PIE slide deck

Agenda Item 6 – Audit Evidence

• Agenda Item 6 – Audit Evidence slide deck