Invitation to Comment, Enhancing Audit Quality in the Public Interest

A Focus on Professional Skepticism, Quality Control, and Group Audits

IAASB
Dec 17, 2015 | Exposure Drafts and Consultation Papers
128 Pages
English

Comments due by: May 16, 2016

The IAASB has released its Invitation to Comment, Enhancing Audit Quality in the Public Interest: A Focus on Professional Skepticism, Quality Control and Group Audits (the ITC).

Building upon the IAASB’s efforts to develop its Work Plan for 2015–2016, the ITC highlights the board’s discussions on the topics of professional skepticism, quality control and group audits – and flags potential standard-setting activities the IAASB could take to enhance audit quality.

The IAASB also has released a companion document, an Overview of the ITC, designed at soliciting feedback from investors, audit committees, and preparers. It summarizes the key areas the IAASB is exploring and the direction it may take and may be useful in facilitating outreach by stakeholders to develop their responses.

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Submitted Comment Letters

1. SRA  (Netherlands)
April 18, 2016

2. Zuva Financial Services  (South Africa)
May 3, 2016

3. International Association of Insurance Supervisors (IAIS)
May 4, 2016

4. John kelly  (Canada)
May 4, 2016

5. Association of Accounting Technicians  (United Kingdom)
May 4, 2016

6. Financial Audit Subcommittee of INTOSAI  (United Arab Emirates)
May 8, 2016

7. European Banking Authority
May 11, 2016

8. Russell Bedford International
May 12, 2016

9. FSR - danske revisorer  (Denmark)
May 12, 2016

10. ISCA  (Singapore)
May 12, 2016

11. Chris Barnard  (Germany)
May 12, 2016

12. Australian Institute of Company Directors  (Australia)
May 13, 2016

13. Grant Thornton International Limited  (United Kingdom)
May 13, 2016

14. Accounting Professional & Ethical Standards Board (Australia)  (Australia)
May 13, 2016

15. Auditor General South Africa  (South Africa)
May 13, 2016

16. International Corporate Governance Network  (United Kingdom)
May 13, 2016

17. Wirtschaftsprüferkammer, WPK  (Germany)
May 13, 2016

18. BDO International Limited
May 13, 2016

19. ICAS  (United Kingdom)
May 13, 2016

20. IBR/IRE : Instituut van de Bedrijfsrevisoren / Institut des Réviseurs d'Entreprises  (Belgium)
May 13, 2016

21. ICAEW  (United Kingdom)
May 13, 2016

22. Thomas Ray  (United States)
May 15, 2016

23. International Bar Association
May 15, 2016

24. Andrew Higson  (United Kingdom)
May 15, 2016

25. New Zealand Auditing and Assurance Standards Board  (New Zealand)
May 15, 2016

26. KICPA  (Korea, Republic of)
May 15, 2016

27. AASB Canada  (Canada)
May 16, 2016

28. DTTL
May 16, 2016

29. PricewaterhouseCooper International Limited
May 16, 2016

30. The South African Institute of Chartered Accountants (SAICA)  (South Africa)
May 16, 2016

31. Australian Auditing and Assurance Standards Board (AUASB)  (Australia)
May 16, 2016

32. The Securities Analysts Association of Japan  (Japan)
May 16, 2016

33. Cayman Islands Society of Professional Accountants  (Cayman Islands)
May 16, 2016

34. T KRISHNA KUMAR  (India)
May 16, 2016

35. KPMG IFRG Limited
May 16, 2016

36. Center for Audit Quality  (United States)
May 16, 2016

37. The Japanese Institute of Certified Public Accountants  (Japan)
May 16, 2016

38. Office of the Auditor General of Canada  (Canada)
May 16, 2016

39. Institute of Certified Public Accountants of Kenya
May 16, 2016

40. Professors Steven Glover and Douglas Prawitt
May 16, 2016

41. Scott DeViney  (United States)
May 16, 2016

42. Crowe Horwath International
May 16, 2016

43. Instituto Nacional de Contadores Públicos de Colombia  (Colombia)
May 16, 2016

44. Asociación Interamericana de Contabilidad (AIC)
May 16, 2016

45. Ernst & Young Global Limited
May 16, 2016

46. The American Institute of Certified Public Accountants  (United States)
May 16, 2016

47. The Malaysian Institute of Certified Public Accountants  (Malaysia)
May 16, 2016

48. Hong Kong Institute of Certified Public Accountants  (Hong Kong (Special Administrative Region of China))
May 16, 2016

49. CIMA
May 16, 2016

50. THE INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS OF UGANDA  (Uganda)
May 16, 2016

51. Dianne Azoor Hughes
May 16, 2016

52. ACCA
May 16, 2016

53. Chartered Accountants Australia and New Zealand
May 16, 2016

54. American Accounting Association Auditing Section  (United States)
May 16, 2016

55. INSTITUTE OF CHARTERED ACCOUNTANTS OF ZIMBABWE  (Zimbabwe)
May 17, 2016

56. Independent Regulatory Board for Auditors  (South Africa)
May 17, 2016

57. Malaysia Audit Oversight Board  (Malaysia)
May 17, 2016

58. New Zealand Shareholders Association  (New Zealand)
May 18, 2016

59. Government Accountability Office  (United States)
May 18, 2016

60. Canadian Public Accountability Board (CPAB)  (Canada)
May 18, 2016

61. Federación Argentina de Consejos Profesionales de Ciencias Económicas  (Argentina)
May 18, 2016

62. RSM International Limited  (United Kingdom)
May 18, 2016

63. UK Financial Reporting Council  (United Kingdom)
May 18, 2016

64. FEE - Federation of European Accountants  (Belgium)
May 18, 2016

65. Chartered Accountants Ireland  (Ireland)
May 18, 2016

66. California State Teachers’ Retirement System (CALSTRS)  (United States)
May 18, 2016

67. California Public Employees Retirement System (CalPERS)  (United States)
May 18, 2016

68. Malaysian Institute of Accountants  (Malaysia)
May 19, 2016

69. IFAC Professional Accountants in Business Committee
May 19, 2016

70. Royal NBA  (Netherlands)
May 20, 2016

71. DnR - The Norwegian Institute of Public Accountants  (Norway)
May 25, 2016

72. The Investment Association  (United Kingdom)
May 25, 2016

73. Basel Committee on Banking Supervision
May 25, 2016

74. European Securities and Markets Authority
May 26, 2016

75. IFAC SMP Committee
May 31, 2016

76. Instituto dos Auditores Independentes do Brasil  (Brazil)
May 31, 2016

77. Institute of Chartered Accountants of Pakistan  (Pakistan)
May 31, 2016

78. CFA Institute
May 31, 2016

79. Institut der Wirtschaftspruefer in Deutschland e. V. (IDW)  (Germany)
June 1, 2016

80. CNCC / CSOEC  (France)
June 2, 2016

81. IOSCO
June 3, 2016

82. European Federation of Accountants and Auditors for SMEs (EFAA)
June 3, 2016

83. JEC Grant  (United Kingdom)
June 14, 2016

84. European Audit Inspection Group
June 14, 2016

85. CPA Australia  (Australia)
June 16, 2016

86. IFIAR - International Forum of Independent Audit Regulators
June 24, 2016

87. H3C  (France)
June 27, 2016

 

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