Audit Policy : Lessons from the Crisis. European Commission Green Paper

The recent Green Paper from the European Commission makes interesting reading.  A large number of good areas for discussion in commendably few pages.  It can be found at : http://ec.europa.eu/internal_market/auditing/otherdocs/index_en.htm

The impact of some of the proposals could be far-reaching and could certainly be significant for the large number of stakeholders that are involved with any sizeable audit.  And yet the discussion period for such an important document is only 8 weeks.

Admittedly, many of the proposals have been aired in the past by different groups and therefore many interested parties already have a view on many of the issues.  But for such an important topic to be rushed through seems a great shame.  Let's hope that the quality of the feedback is good, despite the time constraints.

 

James Mendelssohn (jmendelssohn@msiglobal.org)
CEO, Chief Executive, MSI Global Alliance

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