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New IAASB Factsheet Addresses Engagement Team Definition

The International Auditing and Assurance Standards Board (IAASB) has released a new fact sheet to address the clarified definition of “engagement team” and its possible impacts, including recognition that engagement teams may be organized in a variety of ways, including across different locations or by the activity they are performing.

This new engagement team definition applies to the International Standards on Auditing and International Standards on Quality Management. 

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