New article from IAASB Chair Tom Seidenstein
Following a vote by the IAASB during the last day of the September meeting, IAASB Chair Tom Seidenstein explains why the new quality management standards respond to:
- The changing environment;
- Challenge the effectiveness of the IAASB’s pre-existing quality control standards; and
- Growing market participant needs.
The resulting suite of standards are aimed at a more robust system of quality management for firms using the IAASB’s standards, and marks an evolution from a traditional, more linear approach to quality control.