Big questions, small audits
Proportionality in ISA audits raises many questions for those in and around the profession. Katharine Bagshaw provides some answers.
The word ‘proportionality’ comes up a lot in discussions about auditing standards and audit
Q: Why are people talking about proportionality?
A: This is because the term ‘proportionality’ is used in proposed European Union (EU) legislation that would require ISAs to be adopted and to be applied ‘proportionately’ to smaller audits in the EU...
This is an extract from an article in the November 2013 edition of Audit & Beyond, the magazine of the Audit and Assurance Faculty.
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