IOSCO to review audit services issues
Jun 04, 2008
The Audit Services Task Force of the IOSCO Technical Committee will expand the scope of its work over the next year to include a number of audit services-related issues.
Specifically, the Task Force will focus on the following audit related issues:
- Transparency and governance of audit firms, including the intersection of governance with both firm viability and audit quality.
- The scope of audit reports, including varying levels of assurance in different circumstances, the possibility of enhanced disclosure of the bases for different levels of assurance, and the potential role of joint audits.
- Potential expansion of allowable organisational structures and forms to allow for greater firm viability and industry competition.