Publication

28 February 2014

Opening a discussion: The Future of Audit and Assurance

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.

The paper poses a series of questions to which FEE is seeking answers from stakeholders and interested parties by 30 June 2014. Please submit comments/responses by e-mail or via the online survey below.

Related files:

FEE Discussion Paper – Opening a Discussion: The Future of Audit and Assurance

Related links:

FEE Online Survey, for comments/responses by 30 June 2014

 

Related content

EventThe path to high-quality non-financial information assurance

26 November 2020

BlogReliable non-financial information to progress sustainable finance

21 October 2020

EventImplementing ESEF

12 October 2020

Consultation responseEC’s consultation on the establishment of an EU Green Bond Standard. 

5 October 2020

Consultation responseEC’s roadmap on obligation for companies to publish non-financial information

18 September 2020

Consultation responseIAASB’s consultation on proposed guidance: extended external reporting (EER) assurance

24 July 2020

PublicationImplementation of the 2014 EU Audit Directive and regulation in 30 European countries

9 July 2020

PublicationHow do multidisciplinary teams contribute to audit quality?

24 June 2020

NewsAccountancy Europe leads the non-financial reporting debate

17 June 2020

PublicationSetting up for high-quality non-financial information assurance in Europe

12 June 2020

PublicationCoronacrisis: actions for the public sector

28 May 2020

PublicationCoronacrisis: short-term actions for the public sector

28 May 2020

PublicationOur work on the future of audit & assurance

4 May 2020

PublicationThe scope of bank audits in Europe

8 April 2020

EventPostponed: Enhancing reliability of non-financial information

23 March 2020

PublicationTowards reliable non-financial information across Europe

19 February 2020

PublicationIndependent assurance on the European Single Electronic Format

19 December 2019

Consultation responseEIOPA’S Solvency II reporting and disclosure review 2020

12 December 2019

Publication10 most popular webpages of 2019

10 December 2019

NewsDigital Day 2019 – Interviews

29 November 2019

Sign up for our newsletter

* indicates required
Would you like to subscribe to our newsletter?
On which topics would you like to receive news?