IAASB report highlightss Clarity Project work
28 Mar 08
The International Auditing and Assurance Standards Board has released its 2007 report
The International Auditing and Assurance Standards Board (IAASB), has released its 2007 annual report which highlights its work in enhancing the clarity of international standards and notes progress in achieving global convergence to them.
A central part of the IAASB's programme in the past year has been redrafting its international standards to make them clearer and to promote their adoption and translation. In 2007, it approved seven final International Standards on Auditing and 21 exposure drafts as part of its Clarity project.