ASB extends comment period for quality management ED

Written by promotiondept

April 10, 2021

aSB extends comment period for quality management ED The aICPa auditing Standards Board (aSB) has extended the comment deadline on its quality management exposure draft to aug. 31 from June 11. In February, the ASB issued the ED of three interrelated proposed standards that are designed to bring important changes to the way firms manage […]

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SB extends comment period for qulity mngement ED

The ICP uditing Stnrds Bord (SB) hs extended the comment dedline on its qulity mngement exposure drft to ug. 31 from June 11.

In Februry, the ASB issued the ED of three interrelated proposed standards tht re designed to bring importnt chnges to the wy firms mnge qulity in their ccounting nd uditing prctices.

The proposed stnrds re bsed on the Interntionl uditing nd ssurnce Stnrds Bord’s qulity mngement stnrd nd include new -bsed pproch to qulity mngement systems within firms.

Slbility is designed to be improved under the proposed stnrds beuse the -bsed pproch promotes system tilored to the nd circumstnces of n individul firm nd its enggements.

The SB hs posted executive summaries of ech proposed stnrd, nd comment letter templte for those who wish to use it. Comments n be emiled to CommentLetters@aicpa-cima.com.

Ken Tysic (Kenneth.Tysiac@aicpa-cima.com) is the Jof’s editoril director.


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