Auditing and its quality control: An overview from information assurance standards in Colombia

Abstract

In Colombia, through Law 1314, 2009, the convergence process toward international standards of accounting and assurance was started; such international standards include the Quality Control International Standards – QCIS, which seeks improvement of auditing practice, within an homogeneous system. The purpose of this article is to review such standard, and compliance with quality control on auditing practice within the Colombian context, as well as identification of requirements and the figure exercising its vigilance. In addition, it includes important aspects to take into account in the auditing job, the auditor’s role, and its future scenario in the local context.