IFAC Response to UK CC Notice of Remedies

IFAC recognizes the importance of high-quality auditing and acts to promote and enhance audit quality around the globe, including supporting the development, adoption, and implementation of high-quality, internationally accepted auditing and quality control standards, promoting the need for global regulatory convergence, and supporting the development of strong professional accountancy organizations and accountancy firms. IFAC has responded the UK Competition Commission (CC)'s Statutory Audit Services Market Investigation Notice of Possible Remedies, including addressing the seven remedies proposed by the UK CC and other general questions posed by the UK CC.