ICAEW questions FRC commitment to international auditing standards

Richard Crump accountancy_age

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THE FRC’s decision to set auditing standards before international consensus has emerged could damage its global standing and create confusion for investors, the ICAEW has warned. In a letter sent to the FRC, the institute suggested that attempts to influence the international debate on auditing standards by “acting first” would make it difficult for auditors to “prepare comprehensible audit reports” that meet both UK and international requirements and that such reports would be…

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ICAEW questions FRC commitment to international auditing standards

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