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Discuss aasb proposal referring primarily to class material

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Reference no: EM133164477

Question - Assume that the Canadian Audit and Assurance Standards Board (AASB) is preparing to introduce a new auditing standard requiring registered public accounting firms to disclose the name of the audit partner for each audit report. The proposal states that starting in 2023, audit reports for publicly listed Canadian firms include not just the name of the audit firm, but also the name of the audit engagement partner. A similar requirement exists in the United States since 2017, although the Big 4 audit firms lobbied extensively against, arguing that this requirement will decrease audit quality. Discuss the AASB's proposal referring primarily to class material.

Reference no: EM133164477

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