Section 26: Directorate of Auditing Practices Standards.

Directorate of Auditing Practices Standards shall, for the Council-(a) develop or liaise with relevant professional bodies on auditing and ethical standards set by it ;
(b) promote auditing standards which set out the basic principles and essential procedures with which external auditors in Nigeria are required to comply;
(c) issue guidance on the application of auditing standards in particular circumstances and industries and timely guidance on new and emerging issues;
(d) establish standards and related guidance for accountants providing assurance services;
(e) encourage establishment of ethical standards in relation to the independence, objectivity and integrity of external auditors and those providing assurance services;
(f) play appropriate role in the development of regulations and accounting standards which affect the conduct of auditing and assurance services, both domestically and internationally;
(g) collaborate with relevant professional bodies to advance public understanding of the roles and responsibilities of external auditors and the providers of assurances services including the sponsorship of research; and
(h) perform such other duties which in the opinion of the Board are necessary or expedient to ensure the efficient performance of external auditors.