The Role of International Auditing Standards in Applying Corporate Governance and the Quality of the Professional Performance of the External Auditor

Abstract

The concept of this particular assignment mainly revolves around the concept of IAS or the International Auditing Standards. Various aspects regarding this context will be analysed in this assignment by considering the auditing and corporate governance standards for the companies of Saudi Arabia. In addition, the effectiveness of IAS in corporate governance and enhancing the quality of the performances standards is also critically described in the assignment. Similarly, if the administration neglects to break down the inner reviewing process, the administrative dangers can stay away from in the upcoming years. Therefore, the administration will be equipped for producing huge money related advantages every year. This has been distinguished that the International Auditing and Assurance Standard Board sets all the pertinent principles with respect to inspecting exercises in the universal market. For dealing with the review related exercises, the International Auditing and Assurance Standard Board have presented various approaches and procedures