Promoting Professional Standards

Providing regular and timely input to the European and international standard-setting process in order to help ensure the stability, relevance, scalability and proportionality of European and international professional standards for SMEs and SMPs.

EFAA’s Accounting and Tax Expert Group (Acc&TaxEG) and Assurance Expert Group (AssEG) meet regularly to develop responses to public consultations and exposure drafts, as well as interventions at meetings and events, relating to new and revised European and international professional standards. Professional standards include those in relation to financial and sustainability reporting, audit and assurance, ethics, and quality management.

Below is the archive of events and of responses to public exposure and consultations policy positions and responses to public consultations and exposure drafts, primarily to the EFRAG, IAASB, IASB, and IESBA, is here. A compendium of all key positions, including those relating to European and international professional standards, is available here.

The Acc&TaxEG is chaired by Richard Martin, EFFA Special Adviser. The members of the Acc&TaxEG and of the AssEG are listed here.

EFAA Contributes to EFRAG’s Response on ISSB Consultation on SASB Enhancements
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EFAA Responds to IAASB Post-Implementation Review of ISA 540 (Revised)
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GUIDE – Challenges of Auditors of Less Complex Entities (LCEs) in particular SMPs Part II
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GUIDE – Challenges of Auditors of Less Complex Entities (LCEs) in particular SMPs
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EFAA for SMEs – Position Statement International Standard on Auditing for Audits of Financial Statements of Less Complex Entities (ISA for LCE)
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EFAA responds to IAASB’s Request for Comments in the EM for the ED, Proposed Narrow-Scope Amendments to IAASB Standards Arising from the IESBA’s Using the Work of an External Expert Project
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EFAA Replies to the IASB’s exposure draft (ED) for Addendum to Third Edition of IFRS for SMEs Accounting Standard
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EFAA Replies to the IAASB’s ISA240 Exposure Draft (Revised)
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EFAA Replies to the International Ethics Standards Board for Accountants (IESBA) International Ethics Standards for Sustainability Assurance (IESSA) ED
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EFAA Replies to the VSME ED Public Consultation Questionnaire 2024
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EFAA responds to the Exposure Draft of proposed International Standard on Sustainability Assurance Engagements (ISSA) 5000
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Webinar – The Future of Sustainability Assurance: Ensuring that the Standards are Scalable
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