Responsibilities Of Lead Auditors To Conduct High-Quality Au

<h2>Introduction &ndash; The Impact of Other Auditors in a Global Audit</h2> <p>The increasing integration of world economies and the resultant globalization of multinational public companies has led to increased use of, and more significant roles for, accounting firms and individual accountants other than the lead auditor (&ldquo;other auditors&rdquo;) on many issuer audit engagements.&nbsp;In 2021, for example, 26 percent of all issuer audit engagements and 57 percent of large accelerated filer audits involved the use of other auditors by the lead auditor.&nbsp;In some cases, engagements include the use of other auditors that may not even be registered with the Public Company Accounting Oversight Board (&ldquo;PCAOB&rdquo;) and that work in countries with different business cultures and languages from those of the lead auditor.</p>

Related Keywords

Japan , United States , India , United Kingdom , Pkf Oconnor Davies , Udi Hoitash , Cornelis Van Niekerk , Roger Simnett , Ulrike Thurheimer Ann Vanstraelen , Yoshie Saito Fumiko Takeda , Elizabeth Carson , Michael Barrett , Poel Ann Vanstraelen , Coenraad Basson , Hall Co , Global Audit Firm Networks , Accounting Firm , Accounting Research , Public Company Accounting Oversight Board , Challenging Global Group Audits , Journal Of Accounting Research , Inspection Of Ernst Young , Roles Of Network Firms , Independence Considerations For Network , Consultants Inc , A Firm System Of Quality , Exchange Commission , Inspection Of Ernst Young Associates , Us Group Audit , Firm Accounting , Ernst Young , Audit Committees , Auditor Reporting , Certain Audit Participants , Quality Controls When Using , Chief Accountant , Audit Planning , Audit Performed , Dividing Responsibility , Auditor Adopting , Registration Requirements , Public Accounting Firms , Ulrike Thurheimer , Ann Vanstraelen , Component Auditors , Multinational Group Audits , Audit Quality , Audit Fees , Audit Engagement , Auditor Adopting Release , Sarbanes Oxley Act , Terms Employed , Staff Update , Quality Control , Control Section , Auditing Practice , Audit Practice , Certified Public , Connor Davies , Financial Statements , Financial Instruments , Exchange Act , Rani Hoitash , Corporate Governance , Internal Control , Financial Reporting , Regulatory Regimes , Accounting Review , Katrien Van De Poel , Management Reporting , Accruals Quality , Control Regime , Denise Hanes Downey , Audit Leads , Young Associates , Karim Jamal , Multinational Audits , Auditing Standards , Yoshie Saito , Fumiko Takeda , Their Reputation Risk , Second Supplemental Request , Proposed Amendments Related , Proposed Auditing Standard , Americas , Eneral , Regulation ,