APES 320 Professional Standard: Quality Control for Firms, released by the Accounting Professional and Ethical Standards Board (APESB), has implications for all members, especially for those who conduct audits.
It contains changes which set a higher benchmark and demonstrate best practice in the profession. It provides accountants with a more rigorous framework to mitigate and manage risk. And it provides assurance to the public that there are controls in place for protection.
See full Article.
Posts
