EAIG submits joint comment letter in response to the IAASB’s Invitation to Comment – “Enhancing Audit Quality in the Public Interest – A Focus on Professional Skepticism, Quality Control and Group Audits”
The European Audit Inspection Group (‘EAIG’) has submitted a joint comment letter to the International Accounting and Auditing Standards Board (‘IAASB’) regarding the IAASB’s invitation to comment “Enhancing Audit Quality in the Public Interest – A Focus on Professional Skepticism, Quality Control and Group Audits”. The joint comment letter has been signed by twenty five EAIG members, including IAASA.
The comment letter can be accessed here
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 of audit firms. 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.