Exposure Drafts

As part of its due process, the International Auditing and Assurance Standards Board (IAASB) exposes its proposed international pronouncements for public comment. Each exposure draft is accompanied by an explanatory memorandum that highlights the objective(s) of, and the significant proposals contained in, the proposed international pronouncement, as well as the IAASB’s view on the main issues addressed in the development thereof. The explanatory memorandum may also direct respondents to aspects of the proposed international pronouncement on which specific feedback is sought.

Consultation Papers

In developing its proposed international pronouncements, the IAASB may consider it necessary to issue consultation papers to solicit views on matter(s) under consideration. Comments received from the issuance of a consultation paper are considered in the same manner as comments received on an exposure draft.

Open Comment Period

The following IAASB exposure drafts and consultation papers have open comment periods. You are invited to submit your comments here by the specified comment date.

Closed Comment Period

Once the comment period for a consultation paper or an exposure draft has closed, the IAASB considers the comments received in further developing finalizing the pronouncement. Consultation papers, exposure drafts and comment letters will remain on the website until the final pronouncement is issued.

Project histories, or bases for conclusions prepared by IAASB staff for standards approved by the IAASB after August 2005, for recently completed projects can be accessed by clicking on Projects.