Friday, 1st June, 2007: On 30 and 31 May, 2007 independent audit regulators from all 22 member jurisdictions attended a workshop on audit inspections organised by the International Forum of Independent Audit Regulators (IFIAR). The workshop, which took place in Amsterdam, was hosted by the Netherlands Authority for Financial Markets (AFM).
Consistent with one of the key objectives of IFIAR, the workshop provided members with an opportunity to share knowledge about inspection techniques and experiences. The workshop considered, inter alia, issues around whole firm and audit engagement file reviews, staffing and technology and the reporting of, and follow up on, inspection findings. Audit inspection plays an important role in the improvement of audit quality and will, for that reason, remain a key area of focus for IFIAR.
IAASA is a founding member of IFIAR.