Auditing Practices Board

Show Summary Details

Quick Reference

A body constituted in 1991 to replace the Auditing Practices Committee (APC). Intended to be more independent of the auditing profession than the APC, the APB has half of its members drawn from outside practice, for example from universities and the legal profession. The Board was reconstituted in 2002–03 under the chairmanship of Richard Fleck, a specialist in corporate and regulatory law. Its objective is to establish the highest standards of auditing practice in the UK and the Republic of Ireland in such a way that the developing needs of users of financial information are met and public confidence in the auditing process is maintained. It is no longer empowered to issue Statements of Auditing Standards in its own right but continues to publish Practice Notes (PN) and Bulletins (see auditing standards). The APB is part of the Financial Reporting Council.

http://www.frc.org.uk/apb/ Website of the APB

Subjects: Accounting.

Reference entries

Users without a subscription are not able to see the full content. Please, subscribe or login to access all content.