The International Auditing and Assurance Standard Board (IAASB) Quality Control Task Force Chair, Karin French, leads a discussion on proposed changes to International Standard on Quality Control (ISQC) 1 for firms. The proposed changes will result in a restructured and enhanced standard that will change the current approach to firms’ systems of quality control.
More details can be viewed from the International Federation of Accountants (IFAC) website.
Source: IFAC, 21 September 2017