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.
Two new audit partners have been appointed at the firm BDO in its audit practice following continued growth and investment
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If businesses do not take cyber security seriously in their business planning regulators may do it for them, the ICAEW has warned
Dr Richard Willis provides a several thousand-year history lesson of the profession, from origin to modern-day