The Institute of Chartered Accountants in
England and Wales (ICAEW) has launched a programme on the
International Standards of Auditing (ISAs).

The programme is aimed at improving
understanding of international audit principles among finance
professionals not directly involved with audit.

ICAEW said this would serve accountancy firms
who want to ensure that their staff and partners are aware of the
principles, as well as universities and other accountancy training
institutions, financial controllers, non-executives, directors and
other staff working in internal audit departments.

ICAEW director of qualifications, learning and
professional development Gavin Aspden said auditing standards are a
hot topic at the moment, with the European Commission looking at
how clarified ISAs could be best introduced across European Union
member states.

“Ensuring there is a broader understanding of
the principles behind an audit and the standards followed during an
audit are an important part of increasing transparency and raise
standards internationally,” Aspden added.