Audit & IFRS Q.4 – 2020

Zampa Debattista
Posted on 1st February 2021
Audit-IFRS-Newsletter-Q4-2020.pdf (85 downloads) - 2 MB

Learn about the most recent changes in IFRS & audit internationally:

  • IFRS Changes For 2020 Financial Statements
  • Amendments to IFRS 16 ‘Leases’ – COVID-19-Related rent concessions
  • Amendments to various financial instruments standards – ‘Interest Rate Benchmark Reform – Phase 1’
  • Amendments to IFRS 3 ‘Business Combinations’ – ‘Definition of a Business’
  • Amendments to IAS 1 ‘Presentation of Financial Statements’ and IAS 8 ‘Accounting Policies, Changes In Accounting Estimates And Errors’ – ‘Definition of Material’
  • Amendments to IFRS 4 ‘Insurance Contracts’
  • IAASB fraud and going concern roundtables
  • AI & fraud detection
  • Expectation gap
  • Fraud and going concern in less complex entities
  • IAASB communique details plans to develop separate standard for audits of less complex entities
  • Audit quality management standards
  • International Standard on Auditing 220 (Revised)

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