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The Necessary Variables for Audit Quality, Including Joint Responsibility

  • IFAC - Regulations Image

Aug 27, 2015

On August 27, 2015, the International Federation of Accountants (IFAC) released an article where Alan Johnson, Non-Executive Director and and IFAC’s Professional Accountants in Business Committee Member discusses how audit quality is a very relevant issue in today’s business world.

In the article, Mr. Johnson explains that while there can be absolutely no disagreement that the primary responsibility for performing quality audits rest with the auditors, he believes that the organization, particularly those charged with governance, have an equally important responsibility for audit quality as they recommend the appointment of the auditors and agree on the audit program.

Review the article on the IFAC's Web Site.

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