IES 8: New Competency Assessment for Audit Licensees
CPABC in Focus Jan/Feb 2018
Due to revisions made to International Education Standard 8, Professional Competence for Engagement Partners Responsible for Audits of Financial Statements (Revised), in 2019, practitioners obtaining or renewing an audit licence will be required to complete an annual self-assessment and a declaration stating that they have undertaken sufficient relevant continuing professional development to develop and maintain professional competence for their role.