TO ALL MEMBERS OF THE INSTITUTE
This newsletter has been prepared to provide an overview to members in financial reporting and audit related areas following receipt of members’ queries through ICPAC’s technical support service on matters concerning IFRS Accounting Standards, International Standards on Auditing (ISAs) and International Standard on Review Engagements (ISRE) 2400 (Revised).
The following areas have been identified as particularly relevant for discussion in relation to recent developments, common findings and queries raised in IFRS Accounting Standards and ISAs:
IFRS Accounting Standards:
- Properties under construction - classification and revenue recognition considerations
- Provisions and contingencies under IAS 37
ISAs:
- Auditor’s report clarifications
- Going concern and reporting in the auditor’s report
- Inventory held by third parties
- Legal and regulatory framework
- Journal entry testing and management override of controls
- Use of GenAI on Audits
The TA 9/2026 can be downloaded here. or download the document 
Technical Alert 9 2026 - Q1 Q2 - IFRS ISA.pdf