current, every listed company’s financial report must be auditing by auditor every years and the auditor must give them advice about those financial report.  we call those advice audit opinion.  auditing history was as early as the christian history.  anthropologists have found records that the audit activities can be traced back to the babylonian period (bc 3000).  in ancient china, ancient greece and ancient rome also have the existence of audit activities.  it widely believed that ownership and management rights separation accelerated the auditing development.  since 19th century, every country have gradually established a system for their audit and accounting system.  with the end of world war ii and jamaica system formation capital and wealth began more and more frequent flows in the world.  in this background international auditing practices committee (iapc) establish in 1978 which is order to better protect the interests to investors, and coordination of the various differences in the different country auditing system.  the international auditing and assurance standards board (iaasb) functions as an independent standard setting body under the auspices of the international federation of accountants (ifac). (deloitte)  the iaasb works to establish high quality auditing, assurance, quality control and related services standards and to improve the uniformity of practice by professional accountants throughout the world, thereby strengthening public confidence in the global auditing profession and serving the public interest.  clarity project can let people accept and understand the purpose of iaasb easier.  in this essay i will divided into two parts: first i will explain and analyze the role and global auditing secondly will explain and analyze significance of clarity project.

iapc held the first meeting in new york in 1978.  this meeting has had a great signification in iaasb histories.  as the saying goes: everything is hard in the beginning.  this meeting declared the establishment of the iapc.  it is a good beginning of the international auditing.  after this meeting more and more counties and regions had been cognizant of the weightiness for the international auditing.  from then every country have an oriflamme to make then audit policy par the international standards.

the iapc issued its first international auditing guideline, ive and scope of the audit of financial statements in 1979.  after a year of preparation and exploration iapc issued this statement is very important.  it is the first statement in the iapc history.  it means iapc began to try to development of a guiding standard for the international auditing.  different countries have the different audit policy because the have different history and face to the different problem.  this audit of financial statements try to quest for the international criteria for every country.  however this statement ignored the different country have different problem and system which in auditor and financial reporting.

in 2002 the iapc was reconstituted as the international auditing and assurance standards board (iaasb).  iaasb membership increased from 14 to 18 members and included for the first time, public members; and the iaasb published its agenda papers on the web and opened it meeting to public observers.  audit risk standards resulted from first joint project between the iaasb and a national standard setter (american institute of certified public accountants).  in that year iapc “access to renewable” they not only just change their name to the iaasb but also clearly a new goal which give them more in line with the role of the times.  iaasb increased from 14 to 18 members for best possible representation of different opinion.  china aud