Audit Committees supporting Audit Quality

Wednesday, September 28, 2022

The Australian Institute of Company Directors (AICD) and AUASB support all parties in the financial reporting chain working together to maintain audit quality and high-quality financial reporting.  A key responsibility of audit committees is to oversee the quality and effectiveness of their auditor. To assist audit committees in fulfilling this responsibility, the AICD and the AUASB have issued a new publication, Periodic Comprehensive Review of External Auditor, which provides guidance on a process and matters to consider when assessing their auditor.

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