RegulationAccounting StandardsACCA announces international investigation of audit quality

ACCA announces international investigation of audit quality

Joint study will underpin international audit standards

A new international investigation into the nature of professional judgements
in audit has been announced.

The study, a joint initiative of the International Auditing and Assurance
Standards Board (IAASB) and the Association of Chartered Certified Accountants
(ACCA), will look into four main areas in a number of countries including
Australia, Germany, the Netherlands, the UK and the US.

The topics include international consistency and convergence in the
application of auditing standards, the implications of eXtensible Business
Reporting Language (XBRL) on audit, the use of risk-based audit methodology by
small and medium-sized practices and the nature of professional judgement in
auditing.

IAASB Chair Arnold Schilder said he expects the research to underpin future
standard-setting decisions.

“This initiative aligns with the IAASB’s ongoing agenda for innovation within
the field of auditing and assurance and our efforts to further our understanding
of international developments, including the needs of those using our
standards.”

Further reading

Related Articles

PwC CEE strikes partnership with LSBF

Accounting Firms PwC CEE strikes partnership with LSBF

11m Accountancy Age editorial
Treasury Select Committee report released on Making Tax Digital

Accounting Standards Treasury Select Committee report released on Making Tax Digital

11m Stephanie Wix, Writer
ACCA launches Education Global Forum

Accounting Standards ACCA launches Education Global Forum

11m Stephanie Wix, Writer
ACCA and Morison KSi sign global MOU

Accounting Standards ACCA and Morison KSi sign global MOU

11m Stephanie Wix, Writer
Accountants need to prepare for 50 public sector forces, outlines ACCA report

Accounting Firms Accountants need to prepare for 50 public sector forces, outlines ACCA report

1y Stephanie Wix, Writer
ACCA announces partnership with RD Tax Solutions

Accounting Standards ACCA announces partnership with RD Tax Solutions

1y Stephanie Wix, Writer
'Clear' tax avoidance guidance for advisers issued by institutes

Accounting Standards 'Clear' tax avoidance guidance for advisers issued by institutes

1y Stephanie Wix, Writer
ACCA and CSOEC launch a new Certificate in Business Valuations course

Accounting Standards ACCA and CSOEC launch a new Certificate in Business Valuations course

2y Richard Crump, Writer