Consultation response

16 July 2018

IOSCO’s report on good practices for audit committees in supporting audit quality

We have responded to the IOSCO’s (International Organization of Securities Commissions) consultation report on good practices for audit committees in supporting audit quality.

We welcome the IOSCO’s consultation report aimed at gathering relevant stakeholder feedback on its proposals for good practices for audit committees of issuers of listed securities in supporting external audit quality. We consider that audit committees play an active and vital role in enforcing good corporate governance and serve the interests of a broad range of stakeholders.

This consultation focuses mainly on the role and responsibilities of the audit committee vis-à-vis the external auditor. However, we would like to highlight that other vital roles and responsibilities of the audit committee could be considered. In addition, the audit committee should make sure that the entity’s reports include all relevant information responding to stakeholders’ needs, including financial and non-financial information.

Related content

InterviewCollegio Sindacale: accountants contribute to Italian corporate governance

13 February 2020

EventSustainable Finance: What comes before reporting?

29 January 2020

BlogAccountants can change the world

23 January 2020

Stories from PracticeDeveloping a values-driven workplace in Romania

6 January 2020

Consultation responseEIOPA’S Solvency II reporting and disclosure review 2020

12 December 2019

Publication10 most popular webpages of 2019

10 December 2019

BlogCorporate Governance: driving a sustainable economy

28 November 2019

In the mediaAn Overview of KAMs in the European Banking Sector

15 November 2019

Consultation responseIESBA Exposure Draft on Proposed Revisions to the Code to Promote the Role and Mindset

4 November 2019

PublicationEU Directive on Whistleblower protection

7 October 2019

PublicationKey audit matters in European Banking sector – update 2019

7 October 2019

Stories from practiceTo rebuild trust in auditors, we need the courage to speak up

7 October 2019

Team memberHarun Saki

22 July 2019

Consultation responseSir Donald Brydon’s Independent Review into the Quality and Effectiveness of Audit

10 July 2019

Consultation responseIESBA’s Proposes Revisions to part 4B of the Code to align with terms and concepts...

4 July 2019

EventCorporate governance: A driver of a sustainable economy

26 June 2019

Stories from PracticeAccountants highlight risks for a positive social impact

17 June 2019

Publication10 ideas to make corporate governance a driver of a sustainable economy

12 June 2019

EventEthics and public financial management

12 June 2019

SpeechCorporate Governance as the Enabler of Sustainable Growth

2 April 2019

Sign up for our newsletter