The International Auditing and Assurance Standards Board has issued a new standard effective December 15, 2016, requiring
Question:
The International Auditing and Assurance Standards Board has issued a new standard effective December 15, 2016, requiring that engagement partners physically sign the audit report with their names instead of the name of the firms, as is done in the United States. What value do you believe this new requirement might bring to the end-user of the audit report? Is it a necessary provision? Explain.
Audit ReportThe audit report is issued by a certified public accountant who is appointed by the shareholders to provide assurance upon the truth and fairness of the financial statements prepared by the managers of the company. Audit report contains the...
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This is an excellent question for an assigned project for students because of the contentious nature of the issue and PCAOBs proposal to have audit partners sign the audit report That proposal was iss...View the full answer
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Shehar bano
I have collective experience of more than 7 years in education. my area of specialization includes economics, business, marketing and accounting. During my study period I remained engaged with a business school as a visiting faculty member and did a lot of business research. I am also tutoring and mentoring number of international students and professionals online for the last 7 years.
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Related Book For 
Ethical Obligations and Decision Making in Accounting Text and Cases
ISBN: 978-1259730191
4th edition
Authors: Steven Mintz, Roselyn Morris
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