More Than 70 Jurisdictions Apply ISAs

On June 30 2011, Prof. Arnold Schilder, the Chairman of the IAASB, delivered a speech on global progress in the use of the Clarified International Standards on Auditing (ISAs) at the 2011 annual conference on Accounting and Accountability for Regional Economic Growth in Latin America and the Caribbean (referred to as CReCER after its Spanish/Portuguese acronym). In his speech entitledInternational Auditing and Assurance Standards: Implementation Challenges and Success Factors Schilder showed that during the last year alone the number of jurisdictions that already are using the ISAs or have committed to using them in the near future has more than doubled – a year ago, there were approximately 30 countries; today, there are more than 70. The transcript of his speech (link to IFAC website) contains a reproduction of a slide showing which countries already apply ISAs or will do so in the near future.