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