"Enhanced Transparency in Audit Firms and Audit Quality" Forum was successful
On July 27, 2017, JICPA co-sponsored a forum entitled “Enhanced Transparency in Audit Firms and Audit Quality" to discuss how increased transparency could further contribute to the quality of audit in Japan. Following the opening remark by Aiko Sekine, Chairman and President of JICPA, Mr. Marek Grabowski, Director of Financial Reporting Council and Board Member of IAASB, presented a keynote speech in regards to the reform of disclosure and audit system for listed companies in the UK. Heated discussions followed by referring to the experiences and lessons learned in the UK for adopting the audit firm governance code and the extended auditor’s reports.
The details of the forum will later be reported in Nikkei newspaper.