Focus Group On Review Of Audit Exemption Framework
ACRA will be reviewing Singapore’s audit exemption framework to reduce compliance cost for small companies. This review aims to ensure the regulatory framework remains responsive to business realities while maintaining strong corporate governance standards and balancing regulatory requirements with compliance costs.
Registration for the industry consultation sessions on ACRA’s review of the audit exemption framework is open. Details are as follows:
Register here to indicate your interest in attending one of the focus group sessions. Seats are limited and will be allocated on a first-come-first-served basis.
Please note that the focus groups are intended to gather stakeholders’ views and perspectives to inform policy considerations. Participants are therefore expected to actively contribute to the discussion.
IAASB Publishes Global Roundtable Feedback On Technology And Quality Management
IAASB published a summary of feedback from its global Technology Quality Management roundtables, which explored how emerging technologies, including artificial intelligence, are affecting audit and assurance engagements, and the application of IAASB’s quality management standards.
Participants broadly agreed that IAASB’s quality management standards provide a strong foundation for managing technology-related risks. At the same time, stakeholders noted that IAASB could assist by developing additional practical guidance to help address challenges associated with emerging technologies.
IAASB will use the roundtable feedback, along with other stakeholder feedback, to inform its future work on Technology Quality Management. More information on the initiative, including ongoing updates, is available on IAASB’s project webpage.
IAASB Launches Survey For Post-Implementation Review Of ISA 540 (Revised) On Accounting Estimates
IAASB has launched a public consultation survey as part of its post-implementation review of International Standard on Auditing (ISA) 540 (Revised), Auditing Accounting Estimates and Related Disclosures. Survey feedback will help IAASB identify and assess practical challenges encountered in implementation and further actions to address them. The survey is open until 15 June 2026.
By encouraging auditors to pause, question assumptions, and critically evaluate evidence, the initiative aims to strengthen audit quality and reduce the risk of overlooking material misstatements. IAASB’s message reinforces that a reflective, questioning mindset is essential to protecting the public interest.
IESBA Decoding Ethics Podcast
In the second episode of Decoding Ethics, host Jeanne Viljoen is joined by Clinton Firth, a cybersecurity and digital trust partner at PwC whose experience spans national security, intelligence, and enterprise risk, to unpack what quantum computing actually is, and why it matters now for the accounting profession.
IESBA Launches Firm Culture And Governance Update Newsletter Series
IESBA has introduced a five-part Firm Culture and Governance Update newsletter series to explore how accounting firms can strengthen ethical culture and governance amid rising regulatory expectations and public scrutiny. The series will feature expert perspectives, firm insights, and updates from IESBA’s ongoing dialogues with stakeholders to support the development of a potential global framework for ethical firm culture.
Webcasts 6 And 7 On Section 23 Revenue From Contracts With Customers
IASB’s Webcasts 6 and 7 explore the updated Section 23 Revenue from Contracts with Customers under the third edition of the IFRS for SMEs Accounting Standard (February 2025) effective from 1 January 2027. The sessions provide practical guidance and support SMEs in applying the revised requirements.
Episode 4 Of IFRS for SMEs Accounting Standard Podcast Available
In this episode, IASB technical staff member Tinyiko Denhere and SME Implementation Group member Edson Teixer discuss how the third edition of the IFRS for SMEs Accounting Standard is being applied in Brazil. They also explore how the IFRS Foundation’s educational materials support the implementation of the Standard.
New Webcast Available On Risk Mitigation Accounting
In the third video on its Exposure Draft Risk Mitigation Accounting, IASB technical staff clarify important application aspects, including risk limits, equity eligibility and the recognition of excess risk mitigation adjustments.
IFRS Accounting Taxonomy 2025 To Remain Current For 2026 Reporting
The IFRS Accounting Taxonomy 2025 will remain applicable for the 2026 reporting period as there have been no updates to its content or technology.
February 2026 IASB Update And Podcast Available
In this IASB Update and podcast, IASB Chair Andreas Barckow and IASB Member Patrina Buchanan share on topics discussed at the IASB meeting in February 2026, which include Financial Instruments with Characteristics of Equity and Provisions – Targeted Improvements.
March 2026 Agenda And Meeting Papers Available
Jurisdictional Readiness Assessment Guide And Tool Added To ISSB Adoption Toolkit
The new guide supports jurisdictions in assessing the readiness of their reporting ecosystems and institutions for adopting ISSB Standards. It draws on practical insights from nearly 40 jurisdictions that have already begun the adoption or implementation process.
February 2026 ISSB Update And Podcast Available
In this ISSB Update and podcast, ISSB Chair Emmanuel Faber and ISSB Vice-Chair Sue Lloyd shared on topics discussed at the ISSB meeting in February 2026, which include the publication of Jurisdictional Readiness Assessment Guide and tool, open consultations on jurisdictional sustainability-related disclosure requirements, and the recent ISSB Investor Advisory Group meeting.
