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Audit standards under scrutiny - why quality matters more than ever
Summary by Whitley Stimpson
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Audit standards under scrutiny - why quality matters more than ever
Recent findings show one in ten audits require significant improvements but choosing the right auditor makes all the difference. The spotlight is firmly on audit quality following the Institute of Chartered Accountants in England and Wales’ (ICAEW) latest review, which found that whilst two-thirds of audits meet acceptable standards, one in ten still require “significant improvements”. For businesses navigating an increasingly complex financial …
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