Engagement Team - Group Audits Independence

The objectives of the project are two-fold:

(a)       To align the definition of the term “engagement team” in the Code with the revised definition of the same term in proposed ISA 220 (Revised) while ensuring that

            the independence requirements in the IIS are clear and appropriate and apply only to those individuals within the scope of the revised definition who must be

            independent in the context of the particular audit engagement; and

(b)       To revise the IIS so that they are robust, comprehensive and clear when applied in a group audit context, including with respect to independence for non-

            network component auditors. 

The project is focused on audits of financial statements and auditor independence (Part 4A of the Code). The implications for Part 4B of the Code (other assurance

engagements) will be taken into account and addressed as necessary.

Project Contact

• Szilvia Sramko

Working Group

• Caroline Lee, Chair, IESBA Deputy Chair
• Saadiya Adam, IESBA Member
• Andrew Pinkney, IESBA Technical Advisor
• Denise Canavan, IESBA Technical Advisor