Page 42 - Inspection Report 2018
P. 42
Moving Forward …
In view of several new accounting standards becoming effective from 2019 onwards, the AOB will focus
on the audit firms’ continuous technical knowledge update in these areas and the effective application in
audit execution. The AOB will also look into the audit firms’ preparation towards the anticipated revised
ISQC 1 requirements. Continuous engagement with audit firms and other stakeholders will be carried
out to further promote efforts in enhancing audit quality.
AUDIT OVERSIGHT BOARD
40 ANNUAL INSPECTION REPORT 2018
83806_Inside_NEW.indd 40 5/28/19 3:02 PM
