International Audit Chief Says New Rules a ‘Major Step’
Bloomberg Tax Podcast
Oct 16, 2020 | English
New rules for how corporate auditors manage the quality of their own work are on their way. But many audit firms are worried that international standards will diverge from those in the U.S., leaving them to cope with a patchwork of do’s and don’ts.
On this episode of Bloomberg Tax's weekly podcast, Talking Tax, host Amanda Iacone talks with IAASB Chair Tom Seidenstein. Tom explains how the IAASB developed its new auditing standards with the input of its US counterpart and why the standards should help shape a similar project in the US.