IAPB’s new structure awaits approval

IAPB's new structure awaits approval

The final report on the new structure of the International Auditing Practices Board has been submitted for approval.

The taskforce aims to improve IAPC’s effectiveness, transparency and efficiency to develop a set of global standards ‘to be accepted by stakeholders worldwide as the appropriate benchmark for audit performance’.

Despite concerns by many respondents to the consultation process, the taskforce continues to recommend that there be three non-audit members on the IAPC.

Other recommendations include increasing the number of members by a further four (from 14 to 18), with 10, rather than seven, members nominated from member bodies, making all IAPC meetings open to the public and changing the IAPC name to the International Auditing and Assurance Standards Board.

Links

IFAC charts course for global standards

IFAC report

Share

Subscribe to get your daily business insights

Resources & Whitepapers

Why Professional Services Firms Should Ditch Folders and Embrace Metadata
Professional Services

Why Professional Services Firms Should Ditch Folders and Embrace Metadata

3y

Why Professional Services Firms Should Ditch Folde...

In the past decade, the professional services industry has transformed significantly. Digital disruptions, increased competition, and changing market ...

View resource
2 Vital keys to Remaining Competitive for Professional Services Firms

2 Vital keys to Remaining Competitive for Professional Services Firms

3y

2 Vital keys to Remaining Competitive for Professi...

In recent months, professional services firms are facing more pressure than ever to deliver value to clients. Often, clients look at the firms own inf...

View resource
Turn Accounts Payable into a value-engine
Accounting Firms

Turn Accounts Payable into a value-engine

3y

Turn Accounts Payable into a value-engine

In a world of instant results and automated workloads, the potential for AP to drive insights and transform results is enormous. But, if you’re still ...

View resource
Digital Links: A guide to MTD in 2021
Making Tax Digital

Digital Links: A guide to MTD in 2021

3y

Digital Links: A guide to MTD in 2021

The first phase of Making Tax Digital (MTD) saw the requirement for the digital submission of the VAT Return using compliant software. That’s now behi...

View resource