The pronouncements of the International Auditing and Assurance Standards Board do not override the national auditing standards of its members,even when financial statements are issued by a multinational company.

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The pronouncements of the International Auditing and Assurance Standards Board (IAASB) are designed to provide a globally recognized set of standards and guidance for auditors. However, they do not override the national auditing standards of its members, even in the case of multinational companies. This means that national standard setters may choose to adopt IAASB standards in whole or in part, but they are not required to do so. Therefore, it is important for auditors to be aware of the relevant national standards when conducting audits, as well as any international standards that may have been adopted by their country.

The Pronouncements of the International Auditing and Assurance Standards Board