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Monitoring Group Consultation: Reforms to the Global Audit Standard Setting Process

The Monitoring Group issued a consultation paper setting out various options to enhance the governance, accountability and oversight of the international audit standard setting process. The Monitoring Group is a group of international financial institutions and regulatory bodies committed to advancing the public interest in areas related to international audit standard setting and audit quality. The consultation seeks to elicit the views of stakeholders on how best to safeguard the independence of the standard setting process and its responsiveness to the public interest.

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