Boosting auditor independence in non-assurance services
ISCA's new guidelines timely and critical at time of greater emphasis on audit quality, say observers
Claudia Tan HS
Singapore
THE Institute of Singapore Chartered Accountants (ISCA) on Thursday unveiled a series of recommendations aimed at strengthening audit independence in relation to the provision of non-assurance services, a move that is welcomed by observers who say is a right step towards raising audit standards.
This comes as high independence standards are vital to maintain public confidence in audited financial information. But the provision of non-assurance services to audit clients have raised concerns over auditor independence in recent years, said ISCA in a press statement.
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