New international standard to redefine audit role
International body wants guidance to be "clearer and more readable"
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.”