IFIAR issues a statement

On 16 December 2024, IFIAR issued a public statement with regard to its observation of a growing international trend for audit firms to accept private equity investment into their business models, considering potential inherent risks and benefits.

IFIAR will continue to monitor developments in private equity investments in audit firms and will together with its Members engage with the audit firm leaders to understand developments in this area and the steps being taken to safeguard audit quality and independence against risks.