Monitoring Group announced Second Consultation

February 22, 2018

Published: The Accountant

In a statement the monitoring group – a set of international financial institutions and regulatory bodies responsible for the overall governance of the international audit-related standard-setting process and the review of its effectiveness – said that it had received responses from a wide variety of stakeholders, including investors, the regulatory community, financial institutions, auditors, audit firms, professional bodies and academia.

The monitoring group said it was working towards the publication of a feedback statement over the course of next month and that it will engage in a second consultation in the fall of 2018.

Monitoring group chair Gerben Everts said: “We now enter into the next stage of reform after the first phase of the consultation has ended. I am delighted we received so many responses, which shows the international interest in these important reforms.”

More on the proposed reform can be found here: Monitoring Group Consultation: IFAC’s future in the balance

http://www.theaccountant-online.com/News/monitoring-group-announced-second-consultation-6063549

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