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IAASB Proposes Standards Aimed at Improving Audit Quality

February 12, 2019

The International Auditing and Assurance Standards Board (IAASB) has issued three proposed standards to improve the quality of audits, reviews and related assurance service engagements at firms. The proposed standards take a risk-based approach to implementing quality management systems at firms to establish a foundation for consistent engagement quality, tailored to the nature and circumstances of the firm and its engagements. Read more at the IAASB website.