More prescriptive international standards put the squeeze on auditors

Share this content
0

The transition to international standards on auditing (ISAs) have put UK accountants under cost and quality pressures and speeded the move to audit automation, according to SWAT director Adrian Gibbons. John Stokdyk reports

A leading author, lecturer and consultant on audit issues, Gibbons told the audience at a CCH paperless practice seminar in London this week, "ISAs have had a dramatic effect on how you put together an audit because they're more prescriptive."

The shift to international standards has increased the checklist approach and seen the International Audit and Assurance Standards Board overhaul the wording of its standards in what it calls the Clarity project. "Forget clarity, it's got more to do with cosying up with our American cousins," said Gibbons. "They don't under...

Please Login or Register to read the full article

Replies

Please login or register to join the discussion.

There are currently no replies, be the first to post a reply.