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Global quality standards for transnational audits

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21 Jan 2001

Twenty-three international accountancy firms have begun to develop a Global Quality Standard for firms conducting transnational audits.

The intention is to ensure consistent, high-quality auditing practices worldwide as a means of protecting the interests of cross-border investors and of promoting financial market stability. IFAC has created a Forum of Firms whose members must agree to conform to the Forum's Global Quality Standard, and to subject their assurance work to periodic external reviews. Click for (PDF 65k).

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