Transitioning to International Standards on Auditing has become an important issue for many accountants, according to a new survey.

The survey, by the International Federation of Accountants, found that transitioning to International Standards on Auditing is a crucial issue—96 percent of survey respondents cited this as very important or important, compared with 83 percent last year. There was also universal sentiment that IFAC, as a representative of the global accountancy profession, has a key role to play in convergence and leading the way in the global adoption and implementation of standards.

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