International Audit Chief Says New Rules a 'Major Step'
Talking Tax
English - October 15, 2020 20:44 - 21 minutes - ★★★★ - 96 ratingsBusiness News News Government Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
New rules for corporate auditors are on their way, but many of these auditing firms are worried that international standards for how firms assess their risk will diverge from those in the U.S., leaving them to cope with a patchwork quilt of do's and don'ts.
On this episode of Talking Tax, host Amanda Iacone talks with Tom Seidenstein, chair of the International Auditing and Assurance Standards Board. Tom explains how the IAASB developed its new auditing standards and how it tried to harmonize them as much as possible with its U.S. counterpart.
New rules for corporate auditors are on their way, but many of these auditing firms are worried that international standards for how firms assess their risk will diverge from those in the U.S., leaving them to cope with a patchwork quilt of do's and don'ts.
On this episode of Talking Tax, host Amanda Iacone talks with Tom Seidenstein, chair of the International Auditing and Assurance Standards Board. Tom explains how the IAASB developed its new auditing standards and how it tried to harmonize them as much as possible with its U.S. counterpart.