Develops and issues International Standards on Auditing (ISAs) and sets global standards for auditing and assurance services.
An Individual Savings Account (ISA) is a UK scheme that allows individuals to save and invest money without paying income tax or capital gains tax, thus encouraging savings and investments. Replacing the Personal Equity Plan in 1999, ISAs have varying annual limits and types including Cash ISAs, Stocks & Shares ISAs, and Innovative Finance ISAs.
Standards developed initially by the IAPC and now by the IAASB for conducting audits of financial statements, governing current auditing practices.
A comprehensive overview of the Tax Exempt Special Savings Account (TESSA) from its inception to its replacement by ISAs, including historical context, key features, significance, and related financial terms.
