Meeting with KICPA to exchange views on projects at IAASB
On October 18, 2021, the meeting with the Korean Institute of Certified Public Accountants (KICPA) was held via web conference. JICPA and KICPA exchanged the views on topics under discussion at International Auditing and Assurance Standards Board (IAASB), after Sachiko Kai (Board Member of IAASB) and Kohei Yoshimura (IAASB Technical Advisor) presented each topic. The meeting is the second meeting, following the initial meeting which was held on March 2021.
Please see below for the details.
○Attendees
JICPA
・Masahiko Tezuka, Chairman and President
・Kanako Ogura, Deputy President
・Sayaka Shimura, Executive Board Member - Auditing Standards
・Gen Nagatsuka, Chairman, Auditing Standards Committee of JICPA
・Koichiro Kuramochi, Chairman, IAASB Working Group of JICPA
・Sachiko Kai, Board Member of IAASB / Technical Director of JICPA
・Kohei Yoshimura, IAASB Technical Advisor
KICPA
・Kyu An Jeon, Chair of KAASB (Korean Audit and Attestation Standard Board)
・Yeon Joo Cho, Head of Research and Education Division in KICPA
・Kun sik Hwang, Audit Standard team head of KICPA
・Paul Jae-ho Jung, Financial Reporting team head of KICPA
・Helen Ko, ESG research & Intl' affairs team head of KICPA (observer)
○Agenda
| No | Item | Roles |
|---|---|---|
| １ | Group Audit (ISA 600) | Presenter: Sachiko Kai Discussion: All attendees |
| ２ | Fraud (ISA 240) | Same as above |
| ３ | Proposed International Standard on Auditing for Audits of Financial Statements of Less Complex Entities | Presenter: Kohei Yoshimura Discussion: All attendees |
