International Audit Regulators Call For Measurable Improvement By 2019

The pace of audit quality improvement is too slow and measureable improvement is needed, an international survey concluded. The Independent Forum of Independent Audit Regulators (IFIAR) issued the results of their annual inspections findings survey this week.  In response to the findings, IFIAR and the six largest global audit networks (Deloitte, KPMG, PWC, EY, BDO and Grant Thornton) have agreed on a new initiative to achieve a measurable reduction in findings by 2019.