Exposure Drafts

Titles and comment deadlines for IFAC exposure drafts (EDs) issued by its various committees are listed below. Comments on any outstanding ED may be e-mailed to EDcomments@ifac.org or sent via fax (1-212-286-9570) to the attention of IFAC's Technical Director.

All EDs will remain posted on the site until final guidance is issued. Thus, you will note that some comment periods have passed.

Title	Release Date
Issued by Board
Translation of IFAC Standards Consultation Paper Comments due by: Jun. 30, 2008	Mar. 31, 2008
Issued by IAASB
Proposed Redrafted International Standard on Auditing ISA 210 (Redrafted), Agreeing the Terms of Audit Engagements Comments due by: Apr. 15, 2008 Comments from: \| All Responses (2) \| Firms (6) \| Member Bodies (18) \| Other Professional Organizations (1) \| Preparers and Users of Financial Statements (4) \| Public Sector Organizations (7) \| Regulators and Oversight Authorities (4) \| Standard Setters (3)	Jan. 15, 2008
Proposed Redrafted International Standard on Auditing ISA 710 (Redrafted), Comparative Information-Corresponding Figures and Comparative Financial Statements Comments due by: Apr. 15, 2008 Comments from: \| All Responses (1) \| Firms (6) \| Member Bodies (16) \| Other Professional Organizations (2) \| Preparers and Users of Financial Statements (1) \| Public Sector Organizations (5) \| Regulators and Oversight Authorities (2) \| Standard Setters (3)	Jan. 15, 2008
Proposed New International Standard on Assurance Engagements ISAE 3402, Assurance Reports on Controls at a Third Party Service Organization Comments due by: May 31, 2008 Comments from: \| All Responses (2) \| Firms (6) \| Member Bodies (16) \| Other Professional Organizations (4) \| Others (2) \| Preparers and Users of Financial Statements (6) \| Public Sector Organizations (6) \| Regulators and Oversight Authorities (2) \| Standard Setters (2)	Dec. 21, 2007
Proposed New International Standard on Auditing ISA 265, Communicating Deficiencies in Internal Control Comments due by: Apr. 30, 2008 Comments from: \| All Responses (2) \| Firms (7) \| Member Bodies (20) \| Other Professional Organizations (8) \| Others (1) \| Preparers and Users of Financial Statements (1) \| Public Sector Organizations (6) \| Regulators and Oversight Authorities (4) \| Standard Setters (2)	Dec. 21, 2007
Proposed Revised and Redrafted International Standard on Auditing ISA 402 (Revised and Redrafted), Audit Considerations Relating to an Entity Using a Third Party Service Organization Comments due by: Apr. 30, 2008 Comments from: \| All Responses (2) \| Firms (6) \| Member Bodies (18) \| Other Professional Organizations (5) \| Others (1) \| Preparers and Users of Financial Statements (4) \| Public Sector Organizations (7) \| Regulators and Oversight Authorities (4) \| Standard Setters (3)	Dec. 21, 2007
Proposed Redrafted International Standard on Auditing ISA 501 (Redrafted), Audit Evidence Regarding Specific Financial Statement Account Balances and Disclosures Comments due by: Mar. 31, 2008 Comments from: \| All Responses (2) \| Firms (6) \| Member Bodies (17) \| Other Professional Organizations (5) \| Public Sector Organizations (4) \| Regulators and Oversight Authorities (3) \| Standard Setters (4)	Dec. 21, 2007
Proposed Redrafted International Standard on Auditing ISA 520 (Redrafted), Analytical Procedures Comments due by: Mar. 31, 2008 Comments from: \| All Responses (2) \| Firms (6) \| Member Bodies (16) \| Other Professional Organizations (4) \| Public Sector Organizations (3) \| Regulators and Oversight Authorities (2) \| Standard Setters (4)	Dec. 21, 2007
Proposed Revised and Redrafted International Standard on Auditing ISA 505 (Revised and Redrafted), External Confirmations Comments due by: Feb. 15, 2008 Comments from: \| All Responses (1) \| Firms (7) \| Government Organizations (6) \| Member Bodies (18) \| Others (11) \| Regulators (4)	Oct. 15, 2007
Proposed Revised and Redrafted International Standard on Auditing ISA 620 (Revised and Redrafted), Using the Work of an Auditor's Expert Comments due by: Feb. 15, 2008 Comments from: \| All Responses (2) \| Firms (7) \| Government Organizations (6) \| Member Bodies (18) \| Others (11) \| Regulators (5)	Oct. 15, 2007
Consultation Paper Proposed Strategy for 2009-2011 Comments due by: Nov. 30, 2007 Comments from: \| All Responses (1) \| Firms (6) \| Government Organizations (7) \| Member Bodies (21) \| Others (16) \| Regulators (4)	Oct. 1, 2007
Proposed Redrafted International Standard on Auditing and International Standard on Quality Control ISA 220 (Redrafted), Quality Control for an Audit of Financial Statements ISQC 1 (Redrafted), Quality Control for Firms that Perform Audits and Reviews of Financial Statements, and Other Assurance and Related Services Engagements Comments due by: Dec. 31, 2007 Comments from: \| All Responses (1) \| Firms (6) \| Government Organizations (7) \| Member Bodies (21) \| Others (10) \| Regulators (4)	Aug. 3, 2007
Proposed Redrafted International Standard on Auditing ISA 700 (Redrafted), The Independent Auditor's Report on General Purpose Financial Statements Comments due by: Nov. 30, 2007 Comments from: \| All Responses (2) \| Firms (9) \| Government Organizations (10) \| Member Bodies (19) \| Others (10) \| Regulators (4)	Aug. 3, 2007
Proposed Redrafted International Standard on Auditing ISA 705 (Revised and Redrafted), Modifications to the Opinion in the Independent Auditor's Report Comments due by: Nov. 30, 2007 Comments from: \| All Responses (2) \| Firms (7) \| Government Organizations (7) \| Member Bodies (19) \| Others (10) \| Regulators (4)	Aug. 3, 2007
Proposed Redrafted International Standard on Auditing ISA 706 (Revised and Redrafted), Emphasis of Matter Paragraphs and Other Matter(s) Paragraphs in the Independent Auditor's Report Comments due by: Nov. 30, 2007 Comments from: \| All Responses (2) \| Firms (7) \| Government Organizations (6) \| Member Bodies (19) \| Others (11) \| Regulators (3)	Aug. 3, 2007
Proposed Redrafted International Standard on Auditing ISA 800 (Revised and Redrafted), Special Considerations-Audits of Special Purpose Financial Statements and Specific Elements, Accounts or Items of a Financial Statement Comments due by: Nov. 30, 2007 Comments from: \| All Responses (2) \| Firms (7) \| Government Organizations (7) \| Member Bodies (19) \| Others (6)	Aug. 3, 2007
Proposed Redrafted International Standard on Auditing ISA 805 (Revised and Redrafted), Engagements to Report on Summary Financial Statements Comments due by: Nov. 30, 2007 Comments from: \| All Responses (1) \| Firms (7) \| Government Organizations (6) \| Member Bodies (20) \| Others (6)	Aug. 3, 2007
Proposed Redrafted International Standard on Auditing ISA 510 (Redrafted), Initial Audit Engagements-Opening Balances Comments due by: Oct. 31, 2007 Comments from: \| All Responses (1) \| Firms (6) \| Government Organizations (4) \| Member Bodies (19) \| Others (6) \| Regulators (2)	Jul. 31, 2007
Proposed Redrafted International Standard on Auditing ISA 530 (Redrafted), Audit Sampling Comments due by: Oct. 31, 2007 Comments from: \| All Responses (1) \| Firms (7) \| Government Organizations (7) \| Member Bodies (22) \| Others (8) \| Regulators (1)	Jul. 31, 2007
Proposed Revised and Redrafted International Standard on Auditing ISA 200 (Revised and Redrafted), Overall Objective of the Independent Auditor, and the Conduct of an Audit in Accordance with International Standards on Auditing Comments due by: Sep. 15, 2007 Comments from: \| All Responses (1) \| Firms (10) \| Government Organizations (6) \| Member Bodies (20) \| Others (13) \| Regulators (4)	May 1, 2007
Proposed Redrafted International Standard on Auditing ISA 500 (Redrafted), Considering the Relevance and Reliability of Audit Evidence Comments due by: Sep. 15, 2007 Comments from: \| All Responses (2) \| Firms (10) \| Government Organizations (4) \| Member Bodies (21) \| Others (7) \| Regulators (4)	May 1, 2007
Proposed Redrafted International Standard on Auditing ISA 250 (Redrafted), The Auditor's Responsibilities Relating to Laws and Regulations in an Audit of Financial Statements Comments due by: Jul. 31, 2007 Comments from: \| All Responses (1) \| Firms (8) \| Government Organizations (5) \| Member Bodies (22) \| Others (9) \| Regulators (4)	May 1, 2007
Proposed Revised and Redrafted International Standard on Auditing ISA 550 (Revised and Redrafted), Related Parties Comments due by: Jun. 30, 2007 Comments from: \| All Responses (1) \| Firms (9) \| Government Organizations (6) \| Member Bodies (26) \| Others (7) \| Regulators (4)	Mar. 1, 2007
Proposed Redrafted International Standard on Auditing ISA 570 (Redrafted), Going Concern Comments due by: May 31, 2007 Comments from: \| All Responses (1) \| Firms (8) \| Government Organizations (8) \| Member Bodies (24) \| Others (4) \| Regulators (1)	Mar. 1, 2007
Proposed Redrafted International Standard on Auditing ISA 610 (Redrafted), The Auditor's Consideration of the Internal Audit Function Comments due by: Mar. 31, 2007 Comments from: \| All Responses (1) \| Firms (7) \| Government Organizations (7) \| Member Bodies (23) \| Others (7) \| Regulators (4)	Dec. 22, 2006
Proposed Redrafted International Standards on Auditing ISA 320 (Revised and Redrafted), Materiality in Planning and Performing an Audit ISA 450 (Redrafted), Evaluation of Misstatements Identified during the Audit Comments due by: Feb. 15, 2007 Comments from: \| All Responses (1) \| Firms (7) \| Government Organizations (6) \| Member Bodies (21) \| Others (7) \| Regulators (5)	Nov. 15, 2006
Issued by International Accounting Education Standards Board
There are no exposure drafts currently posted by International Accounting Education Standards Board.
Issued by International Ethics Standards Board for Accountants
Code of Ethics for Professional Accountants Comments due by: Oct. 15, 2008	Jul. 15, 2008
Section 290 of the IFAC Code of Ethics for Professional Accountants, Independence - Audit and Review Engagements Comments due by: Aug. 31, 2008	May 30, 2008
Strategic and Operational Plan, 2008-2009 Comments due by: Aug. 31, 2007 Comments from: \| All Responses (1) \| Firms (4) \| Member Bodies (13) \| Others (2) \| Regulators (2)	Jul. 13, 2007
Proposed Revised Section 290 of the Code of Ethics for Professional Accountants, Independence - Audit and Review Engagements, and Proposed Section 291, Independence - Other Assurance Engagements (issued July 2007) Comments due by: Oct. 15, 2007 Comments from: \| All Responses (1) \| Firms (5) \| Government Organizations (1) \| Member Bodies (24) \| Others (12) \| Regulators (2)	Jul. 13, 2007
Proposed Revised Section 290 of the Code of Ethics for Professional Accountants, Independence - Audit and Review Engagements, and Proposed Section 291, Independence - Other Assurance Engagements Comments due by: Apr. 30, 2007 Comments from: \| All Responses (4) \| Firms (8) \| Government Organizations (3) \| Member Bodies (33) \| Others (28) \| Regulators (4)	Dec. 29, 2006
Issued by International Public Sector Accounting Standards Board
Accounting and Financial Reporting for Service Concession Arrangements Consultation Paper Comments due by: Aug. 1, 2008 Comments from: \| All Responses (31)	Mar. 10, 2008
Social Benefits: Disclosure of Cash Transfers to Individuals or Households Proposed International Public Sector Accounting Standard and Consultation Paper Comments due by: Jul. 15, 2008 Comments from: \| All Responses (29)	Mar. 6, 2008
Amendments to IPSAS 4, The Effects of Changes in Foreign Exchange Rates Proposed International Public Sector Accounting Standard Comments due by: Dec. 31, 2007 Comments from: \| Firms (1) \| Member Bodies (1) \| Others (2)	Sep. 5, 2007
Issued by Professional Accountants in Business
Costing to Drive Organizational Performance Proposed International Good Practice Guidance Comments due by: Sep. 23, 2008	Jun. 23, 2008
Evaluating and Improving Governance in Organizations Proposed International Good Practice Guidance Comments due by: Sep. 23, 2008	Jun. 23, 2008
Issued by Transnational Audit Committee
There are no exposure drafts currently posted by Transnational Audit Committee.

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