NEW YORK- The International Federation of Accountants (IFAC) issued on October 1, 2008 a policy position titled :"IFAC's Support for a Single Set of Auditing Standards: Implications for Audits of Small and Medium-sized Entities".
The paper emphasizes that the consistent use of the ISAs is essential to meeting the public interest expectations of an audit.
To downloaded the paper, please visit the following website: http://www.ifac.org/Members/DownLoads/ifacs-support-for-a-single-set-of-auditing-standards-implications-for-audits-of-small-and-medium-sized-entities.pdf
IFAC is the worldwide organization for the accountancy profession dedicated to serve the public interest by strengthening the profession and contributing to the development of strong international economies.
For more information, please visit the following website:
www.ifac.org