STANDARDS c o n t .
o
– Visit by the IAASB Leadership and
Resources for the Implementation of the New and
Revised Auditor Reporting Standards.
?
The
slides
from the IAASB/SAICA/IRBA event,
“The New
Auditor's Report – Straight from the Horse's Mouth”,
are
available on the
.
?
Digital media
:
o A
of the joint SAICA/IRBA event
“The New
Auditor's Report – Straight from the Horse's Mouth”
,
targeting JSE-accredited auditors and focusing on Key
Audit Matters.
o A recording of the CNBC Africa
with
Professor Arnold Schilder on
“Digging Deeper into the
Newly Revised Auditing Standards”
during the prime
time show
Closing Bell South Africa
(interviewer
Gugulethu Cele).
o Apodcast of the Power FM
with Professor
Arnold Schilder and Bernard Agulhas during the prime
time show
Power Hour
(interviewer Victor
Kgomoeswana).
o Interviews available on YouTube recorded by
WConsulting:
Panel discussion on the new Auditor Reporting
Standards
?
Articles in the Accountancy SA magazine
, published by
SAICA:
o April 2015 edition:
o July 2015 Special Edition onAuditor Reporting:
Registered auditors are also referred to
the IAASB's
dedicated
on the new auditor's report. The
page is a source for tools and resources to promote
awareness, understanding and effective implementation of
the reporting standards.
The following extensive resources have been developed by
the IAASB:
?
Auditor Reporting Fact Sheet**
?
Slide Presentation in Support of the IAASB's New and
RevisedAuditor Reporting Standards**
?
At a Glance**
?
Basis for Conclusions**
?
Auditor Reporting Project History**
?
TOOLKIT
:Auditor Reporting – KeyAudit Matters**
?
TOOLKIT
: Auditor Reporting – Illustrative Key Audit
Matters**
?
Auditor Reporting on Going Concern**
Please note that the publications marked ** have not
been subjected to the IAASB or the IRBA due process and are
not authoritative. They have not been issued by the IRBA.
They are provided in order to assist registered auditors with
the implementation of the new and revised auditing standards.
The new and revised Auditor Reporting Standards are
authoritative.
The Reporting Standards are effective for audits of financial
statements for periods ending on or after 15 December 2016.
Proposed IRBAGuide for Registered Auditors: Reporting
Responsibilities of the Reporting Accountant Relating to
Property Entities in terms of the JSE Listings
Requirements
The CFAS has approved a project for the development of an
IRBA Guide to be used by reporting accountants when
required to report in terms of Section 13,
Property Entities
of
the JSE Listings Requirements. It is anticipated that the
proposed Guide will be issued on exposure for comment later
this year.
IFRS 9: Financial Instruments
The SAICA Banking Project Group has established a sub-
committee, the IFRS 9 Implementation Working Group, to
address industry issues related to the implementation of IFRS
9,
Financial Instruments
, specifically the impairment
requirements. The IRBA is represented on theWorking Group.
The IRBA, through the IFRS 9 Implementation Working Group
and through the IAASB's Financial InstitutionsWorking Group,
will consider whether South African specific auditing guidance
is required, especially on the impairment requirements
contained in IFRS 9.
Alert:
Committee forAuditing Standards (CFAS)
6
Issue 30 April - June 2015
