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Logotaua Palepa Swanney Solaese Logotaua Palepa Swanney Solaese Executive Officer
Faauuga Iosefa Faauuga Iosefa Office Clerk
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Category: General
Published: 20 January 2026
Last Updated: 14 February 2026
Hits: 1954

Key Updates in Professional Standards: What You Need to Know for 2026!

Professional Standards Update.

Jan 15, 2026

Professional Standards Update – SIA The Samoa Institute of Accountants advises that the Council has approved the following:

 

  • ISA for Less Complex Entities (LCE ISA) adopted, effective for eligible audits from 1 January 2026 (early adoption permitted);
  • IFRS 17 – Insurance Contracts adoption deferred, pending further piloting, commissioning, and training;
  • Sustainability Standards (IFRS S1 and IFRS S2) to continue piloting, with an intended effective date during 2026, subject to readiness.

These decisions support audit quality, proportional regulation, and Samoa’s capacity-building pathway. Issued by Council of the Samoa Institute of Accountants

 

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