What More Can the Accountancy Profession Do to Address the Audit Expectation Gap?

Michael Izza | February 5, 2019 | 2

Michael Izza, Chief Executive of the Institute of Chartered Accountants in England and Wales, shares his thinking on closing some of the public's expectation gap around what is involved in an audit, how technology can enhance audit quality and how the scope of audit could change to include assurance on non-GAAP measures.

Michael Izza

FCA, Chief Executive, ICAEW

Michael Izza has been the chief executive officer of the Institute of Chartered Accountants in England and Wales since 2006. Izza is a former member of the British government's Small Business Economic Forum. He was formerly a managing director and group finance director of Spring Group plc from 1997 to 2001. Izza trained as an accountant with Coopers & Lybrand. He gained a law degree at Durham University. See more by Michael Izza

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Moulid Ali March 26, 2019

This is very useful video about audit.

Alvaro Alvaro February 5, 2019

I think it is important to be more aware of the work that is done in the audits and especially in the franchises of international and national firms and land to the reality not only of the companies but of what it addresses in all aspects, as in the case of the General Reporting Intuitive - GRI, which are not handled with the responsibility that should be the economic, but the costs of the environment and the social and this is not being taken into account, only checks are expected and the renewal of annual contracts with their increases, but no responsibility is assumed for the quality of the information and the assurance of the financial reports that are written on the paper and in the IASB and the IFAC these little are applied in the Social and Business Responsibility. In these aspects, it is necessary to work hard in the IFAC, including Mr. Izza.

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