IAASB, IESBA, and IAESB outline need for more professional scepticism
15 Aug 2017
The International Auditing and Assurance Standards Board (IAASB), the International Ethics Standards Board for Accountants (IESBA), and the International Accounting Education Standards Board (IAESB) have jointly published 'Toward Enhanced Professional Skepticism'.
The three standard-setters that operate under the auspices of the International Federation of Accountants (IFAC) note that the importance of enhanced professional scepticism is underscored by the increasing complexity of business and financial reporting, including the greater use of estimates and management judgment, business model changes due to technological developments, and the fundamental reliance of the public on dependable financial reporting.
Please click to access the new publication on the IFAC website.
