Introduction to the revised ISSAI 140 – Quality management for SAIs
In December 2020, the IAASB issued a new suite of quality management standards (ISQM 1 and ISQM 2) replacing the previous ISQC 1 and revised its ISA 220 standard (quality management of an audit of financial statements). The changes emphasise that the auditor’s objective is about managing quality and associated procedures in a risk-based and …
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