Wednesday, 1st October, 2014: The European Audit Inspection Group (‘EAIG’) has submitted joint comment letters to the:
• International Auditing and Assurance Standards Board (‘IAASB’) regarding the IAASB’s exposure draft of proposed changes to the International Standards on Auditing “Addressing Disclosures in the Audit of Financial Statements” (click here to view); and
• International Ethical Standards Board for Accountants(‘IESBA’) regarding the IESBA’s exposure draft “Proposed Changes to Certain Provisions of the Code Addressing Non-Assurance Services for Audit Clients” (click here to view).
The comment letters have been signed by a number of EAIG members, including IAASA.
The primary purpose of the EAIG is to create awareness of significant issues and to promote cooperation and consistency amongst European audit regulators on inspections. The group shares inspection practices and findings and facilitates discussions on topics related to audit inspections with third parties, such as the standard setters and the audit profession.