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New international standard to redefine audit role

by Mario Christodoulou

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15 Mar 2010

New international guidance is being considered which could redefine the characteristics of an “audit professional”.

The International Accounting Education Standards Board (IAESB) is seeking feedback on a revised education standards, including better guidance on “who is an audit professional”.

“We want to make IES 8 clearer and more readable, and reduce ambiguity,” said Mark Allison, IAESB chair.

“In revising IES 8 and developing implementation guidance for this standard, we intend to ensure consistent application, assist in its adoption, and facilitate international implementation.”

Further Reading: A Consultation Paper on the Revision of International Education Standard 8

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