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CPA Canada Article – Canadians Speak Out on IAASB’s Invitation to Comment

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Jun 06, 2016

On June 6, 2016, CPA Canada issued an article written by Eric Turner, Director, Auditing and Assurance Standards, CPA Canada informing readers how Canadians have responded to the IAASB’s Invitation to Comment (ITC) on Enhancing Audit Quality in the Public Interest.

The ITC focuses on professional skepticism, quality control and group audits. The article informs readers about the key messages that came out of recent consultations with Canadian stakeholders in respect of the ITC under the following headings: (i) auditing standards can help drive improvements in professional skepticism; (ii) don’t forget the smaller firms; (iii) If a standard isn’t broken…why fix it? and (iv) Yes, revise the group audit standard, but don’t over engineer it.

There is also a request to keep the conversation going by posting a comment in response to the article or by emailing Eric Turner directly.

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