Financial Accounting Blog

Thursday, October 30, 2003

IFAC & International Regulators Propose Reforms to Strengthen Audit Quality The international accountancy profession, together with international regulators, are spearheading reforms to improve the quality of standards and practices in auditing and assurance worldwide and to achieve global convergence of high quality standards. Their focus is on strengthening the international auditing and assurance standards process to bolster public confidence in the work of auditors and in the financial reporting process.