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

EventGovernance and fighting fraud and financial crime in the Digital Era

15 October 2018

Stories from practiceEmpowering accountants in emerging economies

1 October 2018

PublicationAuditor reporting of key audit matters in the European banking sector

28 September 2018

Stories from practiceChange is in the air? Help a country: send in the auditors

5 September 2018

In the mediaRetaining trust in corporate governance

15 August 2018

Consultation responseIESBA’s consultation paper on professional skepticism – meeting public expectations

15 August 2018

Consultation responseIESBA’s Proposed Strategy and Work Plan 2019 – 2023

16 July 2018

NewsSpeech: QED Conference on Sustainable Finance

5 June 2018

Stories from practiceAuditing the coast, saving the beaches

30 May 2018

VlogRegaining trust in corporate governance

26 April 2018

Team memberMihai Cãlin

18 April 2018

Consultation responseIESBA’s fees questionnaire

1 March 2018

PublicationFAQs on the auditor’s role in tackling financial crime

19 February 2018

Stories from practiceUncovering a 2 million USD embezzlement

19 February 2018

Consultation responseIOSCO’s Monitoring Group consultation

31 January 2018

PublicationAuditor’s role in fighting financial crime

11 December 2017

Consultation responseIESBA’s Exposure Draft proposed revisions to the Code pertaining to the offering and accepting of...

8 December 2017

UpdateSME Update

24 November 2017

BlogBusiness insolvency: breaking the taboo

16 October 2017

PublicationEU Business restructuring & insolvency

3 October 2017

Sign up for our newsletter