FEE publication on the Future of Audit and Assurance: Opening a Discussion
01.03.2014
Opening a Discussion : The Future of Audit and Assurance
Brussels, 28 February 2014
As part of FEE's commitment to promoting a public debate on the areas of audit and assurance, FEE has published a discussion paper on the Future of Audit and Assurance. The paper lays out initial observations which could result in potential longer-term developments in audit, assurance and other services.
FEE firmly believes that the audit profession should have the courage to question itself, especially at times such as this one where there are new developments in audit policy.
Ultimately, accounting and auditing are directed towards achieving more efficient, transparent and trustworthy corporate reporting. The common objective is therefore to improve quality in both corporate reporting and assurance and make audit, assurance and other services the most relevant possible. In order to ensure that we move in the right direction to fulfil this objective, keeping in mind the public interest, we should work towards enhancing quality and promoting the reliability of our services, improving the different forms of auditor communication, and ensuring that practitioners' services respond to stakeholders' needs.
These matters are further developed in the paper.
As the start of a journey, this paper examines the above areas of development and poses questions. FEE is committed to initiating and encouraging reflection for developing a vision for the future. We invite you to consult, share and respond to this discussion paper that you will find on the FEE website or attached.
Comments and responses to the questions in the paper should be sent by email to FEE by 30 June 2014. Comments may also be submitted via an online survey where all of the questions posed in the discussion paper are outlined. These will be analysed and used by FEE as a basis for deciding on next steps.
Thank you very much for your interest in FEE's work.
Yours sincerely,
Hilde Blomme
About FEE
FEE (Fédération des Experts-comptables Européens – Federation of European Accountants) is an international non-profit organisation based in Brussels that represents 48 institutes of professional accountants and auditors from 36 European countries, including all of the 28 EU member states.
FEE has a combined membership of more than 800.000 professional accountants, working in different capacities in public practice, small and large accountancy firms, businesses of all sizes, government and education – all of whom contribute to a more efficient, transparent and sustainable European economy.
Brussels, 28 February 2014
As part of FEE's commitment to promoting a public debate on the areas of audit and assurance, FEE has published a discussion paper on the Future of Audit and Assurance. The paper lays out initial observations which could result in potential longer-term developments in audit, assurance and other services.
FEE firmly believes that the audit profession should have the courage to question itself, especially at times such as this one where there are new developments in audit policy.
Ultimately, accounting and auditing are directed towards achieving more efficient, transparent and trustworthy corporate reporting. The common objective is therefore to improve quality in both corporate reporting and assurance and make audit, assurance and other services the most relevant possible. In order to ensure that we move in the right direction to fulfil this objective, keeping in mind the public interest, we should work towards enhancing quality and promoting the reliability of our services, improving the different forms of auditor communication, and ensuring that practitioners' services respond to stakeholders' needs.
These matters are further developed in the paper.
As the start of a journey, this paper examines the above areas of development and poses questions. FEE is committed to initiating and encouraging reflection for developing a vision for the future. We invite you to consult, share and respond to this discussion paper that you will find on the FEE website or attached.
Comments and responses to the questions in the paper should be sent by email to FEE by 30 June 2014. Comments may also be submitted via an online survey where all of the questions posed in the discussion paper are outlined. These will be analysed and used by FEE as a basis for deciding on next steps.
Thank you very much for your interest in FEE's work.
Yours sincerely,
Hilde Blomme
About FEE
FEE (Fédération des Experts-comptables Européens – Federation of European Accountants) is an international non-profit organisation based in Brussels that represents 48 institutes of professional accountants and auditors from 36 European countries, including all of the 28 EU member states.
FEE has a combined membership of more than 800.000 professional accountants, working in different capacities in public practice, small and large accountancy firms, businesses of all sizes, government and education – all of whom contribute to a more efficient, transparent and sustainable European economy.
