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Online POBA survey: the current state of audit

29th Jul 2005
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The Professional Oversight Board for Accountancy (POBA) is carrying out an online survey to identify what accountancy firms and their business clients think about the current state of audit.

POBA, founded in 2004, has set up an audit investigation unit to monitor the profession's audit procedures and compliance with standards. Once the relevant legislation is passed, it will take responsibility for overseeing the regulation of auditors by the recognised accountancy bodies.

The organisation aims to look at the effects of recent regulatory changes, including higher audit thresholds, and the effect of new reporting and auditing standards on companies, users of their accounts and the accountancy profession.

Initially, POBA's focus has been on the quality of audits relating to economically significant entities: the first AIU report earlier this summer concentrated on the Big Four firms. While the AIU will be extending its remit to cover mid-tier firms, POBA's online survey shows that the board is attempting to expand its horizons to the SME marketplace.

So if you are an accountant, accounting technician, a bookkeeper or want to represent your company, take a few minutes to participate in this important survey - make sure POBA is aware of your expieriences and views.

Survey - accountants in practice
Accountants, accounting technicians and bookkeepers who provide services to companies with annual sales of up to £22.8m are being asked for their views in a targeted survey:

Survey - accountants in companies
The research team is also seeking the view of company managers and accountants in a separate on-line survey.


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