IOSCO survey on regulation of non-audit services provided by auditors to audited companies

16 January 2007

IOSCO released a survey on the regulation of non-audit services provided by auditors to audited companies. The survey concludes that nearly all IOSCO member jurisdictions regulate the provision of non-audit services in a broad sense, and most also have specific requirements of some type. In general, responsibility for regulation consists of a system that either includes a legislative office, securities regulator, auditor oversight board, or professional body or a combination thereof.

Most IOSCO respondents to the survey indicate that the regulation of non-audit services is based on a principles-based approach, with principles most often relating to services that are prohibited, rather than those that are permitted.

Survey

© IOSCO