Proceso de establecimiento de las normas internacionales de auditoría

Fermín del Valle
Additional contact information
Fermín del Valle: Director de la carrera de Contador Público Universidad de San Andrés. Argentina.

Audit.Ar, 2021, vol. 1, issue 1, 9-17

Abstract: Audit quality contributes to the confidence in the quality of financial statements and promotes their effec-tive use. At the same time, this is essential for the better functioning of the financial and capital markets and the proper management of entities, both private and public. International auditing standards are a key element to ensure the audit quality. The accounting profession, through the International Federation of Accountants (IFAC), was the first to rise to the challenge of developing international auditing standards, which was carried out successfully, producing a high-quality set of standards. Based on an alleged per-ception of undue influence of the profession in the standard-setting process, international organisations of regulatory bodies have promoted a reform and issued recommendations that will significantly reduce the participation of this profession in the standard-setting process. Nothing ensures that the proposed changes will increase the standards quality. The accounting profession faces the challenge of finding a new position from which to continue effectively fulfilling its mission of promoting high-quality professional practices and serving the public interest.

Keywords: audit; quality; standards; audit quality; international auditing standards; standard-setting process. (search for similar items in EconPapers)
JEL-codes: M42 (search for similar items in EconPapers)
Date: 2021
References: Add references at CitEc
Citations:

Downloads: (external link)
https://revistas.unlp.edu.ar/auditar/article/view/12095 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:lap:raudit:3

DOI: 10.24215/27188647e002

Access Statistics for this article

More articles in Audit.Ar from Instituto de Investigaciones y Estudios Contables, Facultad de Ciencias Económicas, Universidad Nacional de La Plata Contact information at EDIRC.
Bibliographic data for series maintained by Gisela Büechele ().