IOSCO endorses completed set of IAASB's clarified international standards on auditing.

The International Organization of Securities Commissioners recently endorsed the replacement of previous International Statements on Auditing with the new standards, noting their improvements resulting from clarifying the ISA requirements. The International Auditing and Assurance Standards Board, which promulgates ISAs, completed its Clarity Project recently. The AICPA is in the midst of its own Clarity Project, which uses ISAs as a base.

IOSCO is the global body of securities regulators working to protect investors and enhance the integrity and orderly operation of the global capital markets, supporting investor confidence and aiding investor decision making. The...