Tag Archives: European Commission Green Paper on Audit Policy

IFAC Responds to EC Proposed Legislation

State Board Report January 2012 The International Federation of Accountants (IFAC) has offered some support and some objections to the European Commission’s proposed legislation announced on November 30 (see sbr 12/11). IFAC maintains that a number of the proposals in the legislation were not widely supported by the responses received to the EC’s “Green Paper…

EC Adopts Proposal for a Single Audit Market

State Board Report December 2011 The European Commission on November 30 adopted proposals that would: mandate the rotation of audit firms after a maximum of six years, prohibit audit firms from providing non-audit services to their audit clients, and create a single market for statutory audit services by introducing a European passport for the audit…

2011 International Forum Recap

NASBA International Forum Highlights Global Reach of Accounting The barriers to global accounting continue to come down, but there are still many competing interests that need to be considered, according to speakers and attendees at NASBA’s 4th Annual International Forum. The event, held in Vancouver, B.C. on July 25-26, brought together more than 80 attendees…