Wednesday, December 28, 2005

China and IAASB Release Joint Statement on Adoption of ISAs


The Chinese Auditing Standards Board (CASB) and the International Auditing and Assurance Standards Board (IAASB) have released a joint statement in which the CASB states that the fundamental principle of drafting Chinese auditing standards is to improve the Chinese auditing standards system and to accelerate its convergence with the IAASB's International Standards on Auditing (ISAs).

See full Statement, in pdf format.