The International Auditing and Assurance Standards Board has launched new outreach channels, including a targeted user survey and an expert-led webinar series, to gather feedback on proposed revisions to international auditing standards.
Targeted Survey for Financial Statement Users
The IAASB has introduced a User Consultation Survey specifically designed for investors, analysts, lenders, and other creditors who rely on audited financial statements to make resource allocation decisions.
Recognising that financial statement users may have specific perspectives rather than views on every topic in the exposure drafts, the survey offers a focused way to contribute without addressing the full scope of the consultation.
Key Focus Areas and Consultation Deadlines
The survey focuses on four specific areas: technology-driven enhancements, the evaluation of information relevance and reliability when used as audit evidence, material but non-significant classes of transactions, account balances and disclosures, and thresholds for evaluating differences in substantive analytical procedures.
Both the User Consultation Survey and the exposure drafts for ISA 330 (Revised), ISA 500 (Revised), and ISA 520 (Revised) remain open for public comment until 15 December 2026.
Global Webinar Series Schedule
To support engagement, the IAASB will host a two-part global webinar series featuring presentations from IAASB experts and interactive question-and-answer sessions. Each session will be offered twice to accommodate different time zones.
The first webinar, covering proposed ISA 500 (Revised), is scheduled for 29 September 2026 at 10:00 to 12:00 UTC and 30 September 2026 at 19:00 to 21:00 UTC. The second webinar, covering proposed ISA 330 (Revised) and ISA 520 (Revised), will take place on 5 October 2026 at 10:00 to 12:00 UTC and 7 October 2026 at 19:00 to 21:00 UTC.
Both webinars will be hosted on Zoom and livestreamed on YouTube, with registration details opening soon.
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What is the deadline for responding to the IAASB consultation?
The exposure drafts and the User Consultation Survey are open for public comment until 15 December 2026.
Who is the IAASB User Consultation Survey designed for?
The survey is created specifically for users of financial statements, including investors, analysts, lenders, and creditors who rely on audited financial reports.
