Audit standards

Deloitte & Touche chairman and CEO Joe Ucuzoglu, who leads Deloitte’s audit practice, is preparing the firm for the audit demands of the future, with the help of sophisticated technology.

The Institute of Internal Auditors has enhanced its International Professional Practices Framework, which has provided internal auditors worldwide professional guidance in various forms since 1947, in response to more recent risks, while also releasing a report on the current pulse of the internal audit profession.

The Public Company Accounting Oversight Board has issued a paper examining potential changes to standards involving the use of specialists by auditing firms and is looking for public comments.

The Institute of Internal Auditors has released nine new and updated practice advisories that provide guidance to internal auditors and chief audit executives on sustaining a comprehensive quality assurance and improvement program.

The Financial Accounting Foundation has released its 2014 annual report, which focuses on its recently released strategic plan.