IOSCO: a couple of auditing consultations

The International Organization of Securities Commissions has published a couple of consultation papers concerning auditing. In the first - Auditor Communications - questions are asked about the value of the audit report. In the second - Exploration of Non-Professional Ownership Structures for Audit Firms - the IOSCO seeks views on whether regulators should address barriers to entry in the audit market. From a comparative perspective both consultation papers are of interest because they provide examples from different jurisdictions.