International

The international auditing and assurance standards board (IAASB) of the International Federation of Accountants (IFAC) issues an exposure draft (ED) containing a proposed international standard, Quality Control for Audit, Assurance and Related Services Practices, and a proposed revised international standard on auditing, Quality Control for Audit Engagements. The proposals clarify quality control responsibilities and associated activities for firms’ internal operations and audit engagements. The ED is available at the IFAC Web site ( www.ifac.org/eds ). Comments are due August 31.