Core Viewpoint - The International Auditing and Assurance Standards Board (IAASB) has made limited amendments to its standards to align with the International Ethics Standards Board for Accountants' (IESBA) updates regarding the use of external experts' work in audits and assurance engagements [1][2]. Group 1: Amendments Overview - The amendments are aimed at aligning IAASB standards with the revised IESBA Code and ensuring consistency between both sets of requirements [2]. - The changes affect several IAASB standards, including ISA 620, ISRE 2400 (Revised), ISAE 3000 (Revised), and ISRS 4400 (Revised) [3]. Group 2: Previous Revisions - In July of the previous year, the IAASB revised ISA 240 to clarify auditor responsibilities regarding fraud in financial statement audits [4]. - The revised fraud standard emphasizes a fraud-focused approach to risk identification and assessment, and includes measures for reporting transparency for publicly traded entities [5].