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IFIAR reports some audit improvement; calls for more

Tammy Whitehouse | March 9, 2018

Audit regulators globally say they’re seeing some incremental improvement in audit inspection results, but not yet enough.

In its latest annual assessment of global audit inspection results, the International Forum of Independent Audit Regulators says deficiencies are cited in a “high but decreasing percentage of audit engagements” in the 42 jurisdictions that participated in the survey. IFIAR challenged the global audit networks to reduce inspection findings by at least 25 percent over a four-year period, and they’re nearly but not quite there, the forum... To get the full story, subscribe now.