In a significant move toward unifying a number of related standards and harmonizing them with a new international standard, the Auditing Standards Board has voted out a proposed statement on quality control.It was one of three exposure drafts issued for comment by summer's end.
"I was happy that the board was able to vote out a proposal on quality control," said Chuck Landes, American Institute of CPAs director of auditing and attestation. "This is a very positive step forward in improving the quality control systems of America's CPA firms."
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