{"id":6846,"date":"2022-05-03T11:27:10","date_gmt":"2022-05-03T09:27:10","guid":{"rendered":"https:\/\/elte.org.gr\/?p=6846"},"modified":"2022-05-03T11:27:10","modified_gmt":"2022-05-03T09:27:10","slug":"017-2022-international-forum-of-independent-audit-regulators-ifiar-holds-virtual-2022-plenary-meeting-focusing-on-the-transition-to-the-new-normal","status":"publish","type":"post","link":"https:\/\/elte.org.gr\/en\/2022\/05\/03\/017-2022-international-forum-of-independent-audit-regulators-ifiar-holds-virtual-2022-plenary-meeting-focusing-on-the-transition-to-the-new-normal\/","title":{"rendered":"017\/2022 – International Forum of Independent Audit Regulators (IFIAR) holds virtual 2022 Plenary Meeting focusing on the Transition to the New Normal"},"content":{"rendered":"\r\n
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IFIAR\u2019s annual Plenary Meeting was held virtually on April 25-27, 2022, with representatives from 53 IFIAR
Member jurisdictions participating in discussions focusing on the Transition to the New Normal.
Across a series of panel discussions, Members, Observers and other key stakeholder representatives addressed
the current state of audit oversight and the potential implications for audit regulators of emerging trends and
developments in what will be the New Normal.
\u2022 The Plenary symposium kicked off with a keynote address exploring pervasive global trends impacting
society today, with a particular focus on implications for capital markets, financial reporting, auditing and
audit oversight.
\u2022 IFIAR Members from Asia, Europe and the Middle East offered perspectives on how their organizations are
adapting to the New Normal, providing views on the current state of audit oversight in their jurisdictions
and insights into potential future developments on the horizon.
\u2022 IFIAR Members from Europe, North America and Oceania shared their views on the key characteristics of
high quality audits and shared insights and learnings from their oversight experiences and IFIAR\u2019s Global
Audit Quality Working Group.
\u2022 Representatives of the external Advisory Group to IFIAR\u2019s Investor and Other Stakeholder Working Group
discussed investors\u2019 and other stakeholders\u2019 emerging expectations of both auditors and audit regulators
in the current environment, including how such expectations have been shaped by recent events impacting
the global economy, including the COVID pandemic.
\u2022 Leaders from the Monitoring Group (MG), Public Interest Oversight Board and International Auditing and
Assurance Standards Board reported on the progress of the implementation of the MG\u2019s Recommendations
for reforming the international audit and ethics standard setting framework and explained how the
perspectives of audit regulators and IFIAR are considered in the standard setting process.
\u2022 IFIAR Members were joined by a representative from the Global Public Policy Committee (GPPC) \u2013 a group
comprising the six largest global audit firm networks \u2013 and a representative from the IFRS Foundation to
discuss emerging environmental, social and governance (ESG) reporting and assurance frameworks.<\/div>\r\n
Revised Core Principles<\/strong>
Members approved a revised set of IFIAR Core Principles reflecting advancements in audit oversight since the
IFIAR Core Principles were originally developed in 2011. The Core Principles serve as an aspirational guide to
good audit oversight for IFIAR Members, developing audit regulators and other stakeholders.
New Category of IFIAR Membership<\/strong>
Members also approved a restructured Associate Member category, enabling eligible independent audit
regulators that are still in the early stage of developing their audit oversight programs to benefit from
engagement with IFIAR as they implement their programs and progress towards becoming fully operational. For
more information on this Associate Member category, please contact the Secretariat at secretariat@ifiar.org.<\/div>\r\n
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International Forum of Independent Audit Regulators (IFIAR) holds virtual 2022 Plenary Meeting focusing on
\nthe Transition to the New Normal<\/p>\n","protected":false},"author":10,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[94,16],"tags":[],"class_list":["post-6846","post","type-post","status-publish","format-standard","hentry","category-announcements","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/elte.org.gr\/en\/wp-json\/wp\/v2\/posts\/6846","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/elte.org.gr\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/elte.org.gr\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/elte.org.gr\/en\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/elte.org.gr\/en\/wp-json\/wp\/v2\/comments?post=6846"}],"version-history":[{"count":3,"href":"https:\/\/elte.org.gr\/en\/wp-json\/wp\/v2\/posts\/6846\/revisions"}],"predecessor-version":[{"id":6851,"href":"https:\/\/elte.org.gr\/en\/wp-json\/wp\/v2\/posts\/6846\/revisions\/6851"}],"wp:attachment":[{"href":"https:\/\/elte.org.gr\/en\/wp-json\/wp\/v2\/media?parent=6846"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/elte.org.gr\/en\/wp-json\/wp\/v2\/categories?post=6846"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/elte.org.gr\/en\/wp-json\/wp\/v2\/tags?post=6846"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}