{"id":207254,"date":"2025-04-26T18:21:15","date_gmt":"2025-04-26T18:21:15","guid":{"rendered":"https:\/\/peraltafinancing.com\/accounting\/iaasb-tweaks-standards-on-working-with-outside-experts\/"},"modified":"2025-04-26T18:21:15","modified_gmt":"2025-04-26T18:21:15","slug":"iaasb-tweaks-standards-on-working-with-outside-experts","status":"publish","type":"post","link":"https:\/\/fivemor.com\/?p=207254","title":{"rendered":"IAASB tweaks standards on working with outside experts"},"content":{"rendered":"<p> <br \/>\n<br \/><img decoding=\"async\" src=\"https:\/\/arizent.brightspotcdn.com\/65\/bb\/b4c1ffff4bd1aad7e445ce55c8b4\/iaasb-and-iesba-wall-signs.PNG\" \/><\/p>\n<div>\n<p>The International Auditing and Assurance Standards Board is proposing to tailor some of its standards to align with recent additions to the International Ethics Standards Board for Accountants&#8217; International Code of Ethics for Professional Accountants when it comes to using the work of an external expert.<\/p>\n<p>The <ps-link><a href=\"https:\/\/www.iaasb.org\/publications\/proposed-narrow-scope-amendments-iaasb-standards-arising-iesba-s-using-work-external-expert-project?utm_source=Main+List+New&amp;utm_campaign=7ce5d3bdea-EMAIL_CAMPAIGN_2025_04_23_01_24&amp;utm_medium=email&amp;utm_term=0_-7ce5d3bdea-80680856\" class=\"Link\" target=\"_blank\">proposed narrow-scope amendments<\/a><\/ps-link> involve minor changes to several IAASB standards:<\/p>\n<ul class=\"rte2-style-ul\" style=\"margin-top:0;margin-bottom:0;padding-inline-start:48px;\">\n<li>ISA 620, Using the Work of an Auditor&#8217;s Expert;<\/li>\n<li>ISRE 2400 (Revised), Engagements to Review Historical Financial Statements;<\/li>\n<li>ISAE 3000 (Revised), Assurance Engagements Other than Audits or Reviews of Historical Financial Information;<\/li>\n<li>ISRS 4400 (Revised), Agreed-upon Procedures Engagements.<\/li>\n<\/ul>\n<p>The IAASB is asking for comments via a digital response template that can be found on the <ps-link><a href=\"https:\/\/www.iaasb.org\/publications\/proposed-narrow-scope-amendments-iaasb-standards-arising-iesba-s-using-work-external-expert-project?utm_source=Main+List+New&amp;utm_campaign=7ce5d3bdea-EMAIL_CAMPAIGN_2025_04_23_01_24&amp;utm_medium=email&amp;utm_term=0_-7ce5d3bdea-80680856\" class=\"Link\" target=\"_blank\">IAASB website<\/a><\/ps-link> by July 24, 2025.<\/p>\n<p>In December 2023, the IESBA approved an exposure draft for proposed revisions to the IESBA&#8217;s Code of Ethics related to using the work of an external expert. The proposals included three new sections to the Code of Ethics, including provisions for professional accountants in public practice, professional accountants in business and sustainability assurance practitioners. The IESBA approved the provisions on using the work of an external expert at its December 2024 meeting, establishing an ethical framework to guide accountants and sustainability assurance practitioners in evaluating whether an external expert has the necessary competence, capabilities and objectivity to use their work, as well as provisions on applying the Ethics Code&#8217;s conceptual framework when using the work of an outside expert.\u00a0\u00a0<\/p>\n<\/div>\n\n","protected":false},"excerpt":{"rendered":"<p>The International Auditing and Assurance Standards Board is proposing to tailor some of its standards to align with recent additions to the International Ethics Standards Board for Accountants&#8217; International Code of Ethics for Professional Accountants when it comes to using the work of an external expert. The proposed narrow-scope amendments involve minor changes to several [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":207255,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11759],"tags":[16404,43493,79075,11595,79076,46119,565,16670,21694,1600],"dealstore":[],"offerexpiration":[],"class_list":["post-207254","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-accounting","tag-audit","tag-audit-standards","tag-corporate-ethics","tag-experts","tag-iaasb","tag-international-accounting","tag-premium","tag-standards","tag-tweaks","tag-working"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>IAASB tweaks standards on working with outside experts - Som2ny Network<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/fivemor.com\/?p=207254\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"IAASB tweaks standards on working with outside experts - Som2ny Network\" \/>\n<meta property=\"og:description\" content=\"The International Auditing and Assurance Standards Board is proposing to tailor some of its standards to align with recent additions to the International Ethics Standards Board for Accountants&#8217; International Code of Ethics for Professional Accountants when it comes to using the work of an external expert. 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