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Saudi Organization for Chartered and Professional Accountants (SOCPA) · Press Release

SOCPA Approves Amendments Relating to the Definition of the Engagement Team and Group Audits

الهيئة تعتمد التعديلات المتعلقة بتعريف فريق الارتباط ومراجعة المجموعات

No action neededAwareness

SOCPA, represented by its Professional Conduct and Ethics Committee, adopted amendments made by the International Ethics Standards Board relating to the definition of the engagement team and group audits in the International Code of Ethics, aligning it with updated ISA 220 (Revised), ISA 600 (Revised), and International Standard on Quality Management 1. The amendments aim to align the engagement team definition with the International Standards on Auditing while keeping independence requirements clear and appropriate, including in the context of group audits.

PublishedJanuary 4, 2024
Effective
GazetteNot gazetted
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