|
|
Article: ACCOUNTING: RECOMMENDATION SETS MINIMUM QUALITY ASSURANCE NORMS FOR STATUTORY AUDITS.
- Article from:
- European Report
- Article date:
- November 25, 2000
CopyrightCOPYRIGHT 2000 Europe Information Service. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
Quality assurance is the profession's principal means of demonstrating to the public and to regulators that auditors are performing at a level that meets the established auditing standards and ethical rules. It also allows the profession to encourage quality improvements in auditing methods. Published results on the outcome of quality assurance reviews demonstrate that quality assurance is adding value in detecting and preventing weaknesses in the audit process and in financial statements and that it has prompted improvements in auditing procedures and internal quality control systems of audit firms.External quality assurance systems have developed as a check on the ...