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
Related Resources
- 2018 Handbook of International Quality Control, Auditing, Review, Other Assurance, and Related Services Pronouncements
- 2021 Handbook of International Quality Control, Auditing, Review, Other Assurance, and Related Services Pronouncements
- Proposed International Standard on Auditing 500 (Revised), Audit Evidence, and Proposed Conforming and Consequential Amendments to Other ISAs
- Proposed Part 10, Audits of Group Financial Statements of the Proposed ISA for Audits of Financial Statements of Less Complex Entities
- Quality Management and Group Audits: Highlighting Certain Aspects of Interaction Between ISA 220 (Revised) and ISA 600