The FRC has recently published the findings of a thematic review of the action being taken by firms to establish, promote and embed a culture that is committed to delivering consistently high quality audits. The press release and report are available here.

Dieynaba Diabaté and Martin Schmidt of the FAOA presented at the World Bank / CFRR workshop ‘Advancing Audit Quality Assurance Systems: Trends and Opportunities’ workshop in Vienna on 26-27 April. The FAOA provided the participants with a general update on IFIAR activities and workstreams, together with an outline of the benefits of joining IFIAR.

The Canadian Accountant has interviewed IFIAR Chair Brian Hunt to discuss the “tremendous change” occurring in the audit profession and how the future of audit will be very different to what it is today. A copy of the interview is available here.