Consultation Focuses on Three Key Areas: Professional Skepticism, Quality Control, and Group Audits
Audit quality is at the heart of the International Auditing and Assurance Standards Board® (IAASB®)’s work as the global auditing standard setter. Therefore, the IAASB today released its Invitation to Comment, Enhancing Audit Quality in the Public Interest: A Focus on Professional Skepticism, Quality Control and Group Audits (the ITC). This ITC highlights the board’s discussions in these three topic areas and indicates potential standard-setting activities that could enhance audit quality.
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