January 31, 2020
Certified Public Accountants and Auditing Oversight Board
Financial Services Agency

IFIAR announced the results of a four-year initiative
to reduce the inspection findings rate

The International Forum of Independent Audit Regulators (IFIAR) has announced the results of its Global Audit Quality Working Group (GAQ WG)’s four-year initiative since 2015 to reduce the frequency of inspection findings, aiming to facilitate GPPC networks' further efforts to improve audit quality.

GAQ WG and GPPC networks set a goal for the GPPC networks to reduce by at least 25% over a four-year period until 2019 the rate of audit files with at least one findings in the GAQ WG members’ audit inspections.

For more information, please refer to IFIAR’s stakeholder announcement.
 

*GPPC networks: BDO International Limited, Deloitte Touche Tohmatsu Limited, Ernst & Young Global Limited, Grant Thornton International Limited, KPMG International Cooperative, and PricewaterhouseCoopers International Limited.

 Stakeholder Announcement　

Contact

Certified Public Accountants and Auditing Oversight Board　　　　　　　　　　　　　　　　　Office of Japanese Delegation for IFIAR, Financial Services Agency

Tel +81-3-3506-6000(main)（ext.2415）