Why was the issuance of International Standard on Auditing 13 (IAS 13)considered so important to harmonization of auditing standards?

Question

Quizplus · Accepted Answer

IAS 13 provided guidance on the form and content of the audit report, which is important for harmonization of auditing standards as it ensures consistency in the way audit reports are prepared and presented across different countries and jurisdictions. This helps to enhance the quality and comparability of financial statements, which is beneficial for stakeholders such as investors, creditors, and regulators.

Why Was the Issuance of International Standard on Auditing 13