Proposals to change development of auditing standards
Katharine Bagshaw explains how new proposals will affect audit standard setting and quality.
It is hard to measure or define audit quality, but the continuing debate on how to improve it is important. It is easy to dismiss auditing standards as having little effect on auditor behaviour or audit quality, but few would dispense with them.
It comes as a surprise to some to learn that auditing standard setting internationally still involves a great deal of detailed drafting performed by a large board – 18 members and 15 technical advisers, not counting two official observers and a technical director. Therefore finding venues with a big enough table is sometimes challenging.
Continue reading
This content is not freely available. To access 'Proposals to change development of auditing standards' you need to be one of the following:
-
ACA student
-
This content is available to ACA students. If you want to start the ACA qualification there are several routes you can take
-
Audit and Assurance Faculty
-
Stay ahead of the curve with our expert guidance, trusted technical resources and practical insights.
-
Business and Finance Professional
-
An internationally recognised designation and professional status from the ICAEW.
-
ICAEW member
-
Gain access to world-leading information resources, guidance and local networks. 98% of the best global brands rely on ICAEW chartered accountants.