This site uses cookies for analytics, personalized content and ads. By continuing to browse this site, you agree to this use of cookies in accordance with our Cookie Policy.

Comment Letter

IAASB: Enhancing Audit Quality in the Public Interest: A Focus on Professional Skepticism, Quality Control and Group Audits

Monday, May 16, 2016

Download PDF

In this letter, the CAQ urges the IAASB to consider implementing the several measures to enhance the consistency of execution by auditors of an appropriate level of professional skepticism and application of ISQC 1. The letter expresses the view that although the CAQ believes that more clarification and interpretation through additional guidance on how auditors can appropriately apply professional skepticism under the standards is needed, it is essential that auditing standards continue to be principles-based and non-prescriptive.