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performance indicators disclosed in a sustainability report.
The illustrative engagement letters and illustrative assurance reports
have been prepared on the following bases:
• The practitioner conducts the assurance engagement in
accordance with ISAE 3000 (Revised);
• The subject matter of the engagement includes key
performance indicators prepared in accordance with an entity’s
reporting criteria, including the Global Reporting Initiative (GRI)
Standards; and
• Acknowledging in the guidance notes whether the illustrative
assurance reports are “long-form” or “short-form” in terms of
ISAE 3000 (Revised), as well as including guidance notes on
Other Information in terms of ISAE 3000 (Revised).
The illustrative engagement letters and illustrative assurance reports
are effective for assurance engagements where the assurance
report is dated on or after 31 December 2018. Early adoption is
permitted.
The illustrative engagement letters and illustrative assurance
reports are available in both PDF and Word formats and may be
downloaded from the
CFAS Integrated Reporting Standing Committee
(IRSC)
Webpage repository on documents related to the
assurance of integrated reports
A repository has been created in order to provide a
central source of guidance or other information currently available
regarding assurance on integrated reports.
This webpage is in three parts:
• Related IRBA projects.
• Links to related websites.
• Table of publications relating to the assurance of integrated
reports.
Registered auditors may find these publications of assistance when
providing assurance on integrated reports.
Disclaimer
The linked websites and documents are for information purposes
only. The IRBA does not endorse any of the publications, as these
have not been subject to the IRBA’s due process.
International Audit and Assurance Standards Board
(IAASB)
Survey on the IAASB’s Future Strategy
The IAASB started the consultation process about its future strategy
by releasing a to seek views and insights from its
stakeholders on emerging developments and trends that are likely
to be important to its 2020-2023 strategy.
The input from the survey will help inform the development of a
Consultation Paper on the IAASB’s 2020-2023 strategy, expected
to be published at the end of 2018.
The IAASB is looking to obtain the views of its stakeholders on areas
of future focus as it continues its – including
revisions of the standards on auditing accounting estimates;
identifying and assessing risks of material misstatement; and quality
control for firms and audit engagements – and undertakes work
on agreed upon procedures engagements and emerging forms of
external reporting.
The IAASB seeks input from all interested stakeholders. The survey
will remain open until 24 July 2018.
IAASB projects in progress
• Accounting estimates (ISA 540).
• Quality control at engagement level (ISA 220).
• Quality control at firm level (ISQC 1).
• Engagement Quality Control Review (EQCR) (ISQC 2) – NEW
STANDARD – see for more information.
• Group audits (ISA 600) – the IAASB’s Group Audits Task Force
has issued an ISA 600 Project Update – Enhancing Audit
Quality Focusing on Group Audits – see the for
more information.
• Professional scepticism.
• Auditor risk assessments (ISA 315 (Revised)).
• Agreed-upon procedures (ISRS 4400).
• Data analytics.
• Integrated reporting (emerging forms of external reporting)
assurance.
More information on these projects is available on the
STANDARDS cont.
Issue 42 | April - June 2018 5