Statutory Audits In Europe

Author : Michael Kend,Giulia Leoni,Cristina Florio,Silvia Gaia
Publisher : Taylor & Francis
Page : 150 pages
File Size : 45,8 Mb
Release : 2023-03-10
Category : Business & Economics
ISBN : 9781000850383

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Statutory Audits in Europe by Michael Kend,Giulia Leoni,Cristina Florio,Silvia Gaia Pdf

In the aftermath of the Global Financial Crisis, corporate collapses, accounting scandals, and concerns around competition and auditor choice, the European Commission (EC) promoted the preparation of various reports on audit policy to support a harmonisation process of European auditing regulation. Consequently, the European Union (EU) Audit Regulation and Directive was implemented from 2016. This book provides a timely picture of the audit sector and how it responds to regulatory and technological challenges. It analyses the impact of EU reforms on audit practices by comparing the UK and Italy, which, representing two very different regulatory and cultural contexts, will offer insight into how the efforts at standardising audit regulation may lead to very different organisational firm responses within Europe. It addresses issues relating to public policy work and the concerns faced by the market for audit and assurance services, in promoting audit quality, better communication about the role of the auditor, capital market stability and confidence, and auditor independence. Moreover, it highlights what the future of auditing might look like in the EU particularly now that the UK has left, and how meeting public expectations will continue to be a struggle for the accounting profession given the many problems ahead. The book encourages a deeper awareness of the challenges faced by those that monitor and certify the financial statements of the world’s largest public companies and contributes to the general understanding of this controversial industry. It will serve as a useful guide to the recent EU audit reforms, not only for academics, and research students but also to regulators, policymakers, standard setters, industry professionals, and business executives worldwide.

Author : Reiner Quick,Stuart Turley,Marleen Willekens
Publisher : Routledge
Page : 302 pages
File Size : 44,7 Mb
Release : 2007-10-17
Category : Business & Economics
ISBN : 9781134060245

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Auditing, Trust and Governance by Reiner Quick,Stuart Turley,Marleen Willekens Pdf

In this important new book, the European Auditing Research Network gives a timely appraisal of the regulatory environment for financial accounting and auditing in the wake of a series of high profile scandals involving major corporations.

Author : Willem Buijink,European Commission
Publisher : Unknown
Page : 218 pages
File Size : 46,5 Mb
Release : 1996
Category : History
ISBN : UVA:X004032819

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Final Report of a Study on the Role, Position and Liability of the Statutory Auditor Within the European Union by Willem Buijink,European Commission Pdf

Recoge: 1.Introduction - 2.Overview of laws and regulations regarding the role, position and liability of the statutory auditor - 3.The establishment of an internal market for audit services - 4.Audit qualility:internal market, independence, contents of the audit and liability - 5.Summary ad recommendations.

Author : Christiane Strohm
Publisher : Springer Science & Business Media
Page : 247 pages
File Size : 50,6 Mb
Release : 2007-12-11
Category : Business & Economics
ISBN : 9783835091153

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United States and European Union Auditor Independence Regulation by Christiane Strohm Pdf

Christiane Strohm investigates the effects of the Sarbanes-Oxley-Act and the revised 8th EU-Directive on auditing. She shows that there is a difference in the communication and safeguarding effects of a regulation, depending on the precision of its wording and that safeguarding effects also depend on auditors' monetary incentives and on perceived costs of litigation.

Author : Great Britain
Publisher : Unknown
Page : 52 pages
File Size : 40,6 Mb
Release : 2018-11-12
Category : Electronic
ISBN : 0111174333

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The Statutory Auditors and Third Country Auditors (Amendment) (EU Exit) Regulations 2018 by Great Britain Pdf

Enabling power: European Communities Act 1972, s. 2 (2) & Limited Liability Partnerships Act 2000, ss. 15, 17 & Companies (Audit, Investigations and Community Enterprise) Act 2004, s. 18A & Companies Act 2006, ss. 484 (1), 519A (5), 1239 (1) (b) (2) (5) (d), 1241 (2) (c), 1246 (1), 1252 (1) (4) (a) (8), 1292 (1) (2) & European Union (Withdrawal) Act 2018, ss. 8 (1), 23 (1), sch. 7, para. 21. Issued: 12.11.2018. Sifted: -. Made: -. Laid: -. Coming into force: In accord. with reg. 2. Effect: 1986 c.53; 2004 c.27; 2006 c.46; 2014 c.2; S.I. 2008/565, 1911; 2012/1741; 2013/1672; 2016/571, 649 amended. Territorial extent & classification: E/W/S/NI. EC note: These Regulations address failures of retained EU law to operate effectively and other deficiencies (in particular under paragraphs (a), (b), (c), (d), (e), (f) and (g) of section 8(2) of that Act) arising from the withdrawal of the UK from the European Union. Part 5 contains amendments made under section 2(2) of the European Communities Act 1972 (c. 68), which implement aspects of Article 32 of Directive 2006/43/EC of the European Parliament and of the Council on statutory audits of annual accounts and consolidated accounts. Regulation (EU) 537/2014 is amended & Commission Decisions 2008/627/EC; 2010/64, 485/EU; 2011/30/EU; Commission Implementing Decisions 2013/281/EU, 288/EU; 2016/1010/EU, 1155/EU, 1156/EU, 1223/EU are revoked. For approval by resolution of each House of Parliament

Author : I. Brusca,E. Caperchione,S. Cohen,F Manes Rossi
Publisher : Springer
Page : 258 pages
File Size : 41,8 Mb
Release : 2016-02-03
Category : Political Science
ISBN : 9781137461346

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Public Sector Accounting and Auditing in Europe by I. Brusca,E. Caperchione,S. Cohen,F Manes Rossi Pdf

The book provides an overview of the governmental accounting status quo in Europe by analysing the public sector accounting, budgeting and auditing systems in fourteen European countries. IT sheds light on the challenges faced by European countries as they move towards adoption of the European Public Sector Accounting Standards (EPSAS).

Author : Milagros García Crespo
Publisher : Edward Elgar Publishing
Page : 280 pages
File Size : 52,7 Mb
Release : 2005-01-01
Category : Business & Economics
ISBN : 184542560X

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Public Expenditure Control in Europe by Milagros García Crespo Pdf

Public Expenditure Control in Europe provides a timely and detailed study of audit control of government expenditure in selected EU countries. It combines the factual and descriptive analysis of senior experts practising in the area with the insights of top academics writing in this field. The studies dissect different cultural and institutional practices in auditing public expenditure highlighting difficulties in gaining European consistency or in auditing across different levels of government. Overall, the book argues for greater harmonization and comparability while allowing room for diversity and experimentation. John Wanna, Griffith University, Australia This book presents a comprehensive analysis of public expenditure control in Europe and the coordination strategies available. It provides a detailed scrutiny of the various audit systems in the EU and the difficulties in building consistency or harmony between them. The book demonstrates how successful strategies should aim to strengthen the collaboration between different layers of government at the EU, national and regional levels. The authors illustrate how effective cooperation between Supreme Audit Institutions (SAIs) is one of the starting points for any rational system of external control of Europe s public finances. However, this cooperation must be founded upon respect for the independence and operating mandate of each SAI and for their different organizational and operational procedures. Importantly, the authors analyse three critical phenomena that determine the present context in which SAIs develop their activities. These include the impact of the current processes of supranational integration and state decentralization taking place in Europe; the growing demand for transparency, accountability and external control; and the more complex situations created by the loss of a clear distinction between the private and public sectors. The book also offers detailed country studies of audit functions and how they are developed and interpreted, and examines coordination strategies in the context of fraud, auditing, reporting and harmonization. This volume will prove to be an invaluable resource for scholars, students and practitioners of public finance, auditing and administration. It will also be of interest to those working in the areas of public budgeting and public sector management in the EU.

Author : Matthias Linke
Publisher : GRIN Verlag
Page : 63 pages
File Size : 41,6 Mb
Release : 2019-08-08
Category : Business & Economics
ISBN : 9783668996403

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The European Public Audit Oversight Reform. Which Effect Does it Have on Audit Quality? by Matthias Linke Pdf

Master's Thesis from the year 2015 in the subject Economics - Other, grade: 8,0, Maastricht University (School of Business and Economics), language: English, abstract: This paper examines the effect of the European public audit oversight reform on audit quality. Accounting scandals at the beginning of the 21th century called the audit profession into question and raised serious concerns on the oversight system in place. In an attempt to regain investors’ confidence, the European Commission (hereafter referred to as EC) followed the American example and passed Directive 2006/43/EC, which requires the Member States of the European Union (hereafter referred to as EU) to set up public oversight systems for statutory auditors and audit firms. The paper provides empirical evidence that managers are less likely to commit earnings management in the years following the regulatory reform compared to the years preceding the reform, indicating higher audit quality in the post-reform period. Member States of the EU can choose between two options for national public oversight of auditors; the full-time inspection model and the model which consists of peer reviews with an independent commission monitoring this process. I run several analyses with different models and test whether firms in jurisdictions that implemented the full-time inspection model exhibit lower discretionary accruals compared to firms in jurisdictions that implemented the modified peer review model. The results are contradicting and do not support a conclusion.

Author : GREAT BRITAIN.
Publisher : Unknown
Page : 44 pages
File Size : 47,5 Mb
Release : 2017-12-05
Category : Electronic
ISBN : 0111162246

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The Statutory Auditors Regulations 2017 by GREAT BRITAIN. Pdf

Enabling power: European Communities Act 1972, s. 2 (2) & Limited Liability Partnerships Act 2000, ss. 15 (a), 17 & Companies Act 2006, ss. 454 (3) (4), 1292 (1) (a) (c). Issued: 05.12.2017. Made: 28.11.2017. Laid: 30.11.2017. Coming into force: In accord. with reg. 1 (2) (3). Effect: 1986 c.53; 1992 c.40; 2006 c.46; S.I. 2008/373, 565, 1911; 2012/1741; 2016/649 amended & 1969 c.24 (NI); 2014 c.14 modified & S.I. 2001/3649; 2004/3379; 2013/472; 2016/649 partially revoked & S.I. 2005/1984, 1985; 2008/567 revoked; 2006 c.46 partially repealed. Territorial extent & classification: E/W/S/NI. General. EC note: These Regulations implement obligations in DIR 2014/56/EU on statutory audits of annual accounts & consolidated accounts & Reg (EU) 537/2014 on specific requirements regarding statutory audit of public-interest entities & repealing Commission Dec. 2005/909/EC

Author : European Confederation of Institutes of Internal Auditing (ECIIA),Bernd Schartmann
Publisher : Erich Schmidt Verlag GmbH & Co KG
Page : 144 pages
File Size : 54,7 Mb
Release : 2007-03-12
Category : Auditing, Internal
ISBN : 3503100563

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The Role of Internal Audit in Corporate Governance in Europe by European Confederation of Institutes of Internal Auditing (ECIIA),Bernd Schartmann Pdf

Based on a survey between all national Institutes of Internal Auditing in Europe this book shows a widespread picture of European Corporate Governance activities and Internal Audit: - Specific questions regarding the current involvement of Internal Audit in Corporate Governance aspects; - the State of the art of Internal Audit: position, scope and quality management; - Focal points for improving the role of Internal Audit in Corporate Governance in Europe. All insights of the book are concentrated on European companies and offer European solutions for Internal Auditing. They are empirically founded and written in a clear and direct way for practical use. This is the first work for the European profession of Internal Audit that formulates eight focal points for improving the role of Internal Audit in Corporate Governance in Europe. The book shows how Internal Audit can fundamentally strengthen good Corporate Governance.

Author : European Confederation of Institutes of Internal Auditing
Publisher : Erich Schmidt Verlag GmbH & Co KG
Page : 164 pages
File Size : 41,5 Mb
Release : 2009
Category : Auditing, Internal
ISBN : 3503110372

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Banking Internal Auditing in Europe by European Confederation of Institutes of Internal Auditing Pdf

Author : Great Britain
Publisher : Unknown
Page : 68 pages
File Size : 52,5 Mb
Release : 2016-06-22
Category : Electronic
ISBN : 0111147573

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The Statutory Auditors and Third Country Auditors Regulations 2016 by Great Britain Pdf

Enabling power: European Communities Act 1972, s. 2 (2) & Companies (Audit, Investigations and Community Enterprise) Act 2004, 18A (1) (3) (6) & Companies Act 2006, ss. 494 (1) (2) (b) (4) (a), 519A (5), 1241 (2) (c), 1252 (1) (8), 1292 (1) (a) (2) (4), sch. 13, para. 11 (2). Issued: 22.06.2016. Made: 15.06.2016. Laid: -. Coming into force: 17.06.2016 in accord. with art. 1 (1). Effect: 1986 c.53; 2004 c.27; 2006 c.46; 2014 c.2; S.I. 2008/489, 569; 2012/1741; 2013/1672 amended. Territorial extent & classification: E/W/S/NI. General. EC note: These regs implement obligations in Directive 2014/56/EU amending Directive 2006/43/EC and Regulation (EU) 537/2014 and repealing Commission Decision 2005/909/EC. Supersedes draft SI (ISBN 9780111147047) issued 27/05/16

Author : Anonim
Publisher : Maklu
Page : 154 pages
File Size : 46,6 Mb
Release : 2009
Category : Business & Economics
ISBN : 9789046602768

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Guidelines to the Auditor in Prospectus and Other Related Engagements by Anonim Pdf

A new regime for prospectuses has recently become effective in Belgium, following the European Directive 2003/71/EC and the Commission Regulation 809/2004. This book discusses the role of the auditor in conjunction with various parts of the prospectus. It explains how the auditor has to organize and perform his work and how he has to report on the information required by the law, the Prospectus Directive, and the Regulation. In providing guidelines on the performance of the various audit tasks, there is also some guidance on the nature, the content, and the qualitative characteristics of the information which is reported on. This guide also takes into account various other documents that give recommendations or advice on the application of the Regulation or on the auditor's involvement in conjunction with the issuance of a prospectus under the Regulation. Such other documents were published by the Committee of European Securities Regulators (CESR) and by the FÃ?Â(c)dÃ?Â(c)ration des Experts Comptables EuropÃ?Â(c)ens - Federation of European Accountants (FEE). As the European Commission Regulation is applicable directly in all Member States of the European Community, and the Prospectus Directive is transferred into the national law of all Member States, this book is a valuable guide to this important part of bank and finance law in Europe.

Author : Anonim
Publisher : Unknown
Page : 193 pages
File Size : 50,8 Mb
Release : 1996
Category : Electronic
ISBN : OCLC:1024996081

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Final Report of a Study on the Role, Position and Liability of the Statutory Auditor Within the European Union by Anonim Pdf

Recoge: 1.Introduction - 2.Overview of laws and regulations regarding the role, position and liability of the statutory auditor - 3.The establishment of an internal market for audit services - 4.Audit qualility:internal market, independence, contents of the audit and liability - 5.Summary ad recommendations.

Author : GREAT BRITAIN.
Publisher : Unknown
Page : 52 pages
File Size : 50,8 Mb
Release : 2019-02-11
Category : Electronic
ISBN : 0111180376

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The Statutory Auditors and Third Country Auditors (Amendment) (EU Exit) Regulations 2019 by GREAT BRITAIN. Pdf

Enabling power: European Communities Act 1972, s. 2 (2) & Limited Liability Partnerships Act 2000, ss. 15, 17 & Companies (Audit, Investigations and Community Enterprise) Act 2004, s. 18A & Companies Act 2006, ss. 484 (1), 519A (5), 1239 (1) (b) (2) (5) (d), 1241 (2) (c), 1246 (1), 1252 (1) (4) (a) (8), 1292 (1) (2) & European Union (Withdrawal) Act 2018, ss. 8 (1), 23 (1), sch. 7, para. 21. Issued: 11.02.2019. Sifted: -. Made: 01.02.2019. Laid: -. Coming into force: In accord. with reg. 2. Effect: 1986 c.53; 1992 c.40; 2004 c.27; 2006 c.46; 2014 c.2; S.I. 2008/565, 1911; 2012/1741; 2013/1672; 2016/571, 649 amended. Territorial extent & classification: E/W/S/NI. General. Supersedes draft S.I. (ISBN 9780111174333) issued 12.11.2018. EC note: Regulation (EU) 537/2014 amended & Commission Decision no. 2008/627/EC; Commission Decision 2010/64; Commission Decision 2010/485/EU; Commission Decision 2011/30/EU; Commission Implementing Decision 2013/281/EU; Commission Implementing Decision 2013/288/EU; Commission Implementing Decision (EU) 2016/1010; Commission Implementing Decision (EU) 2016/1155; Commission Implementing Decision (EU) 2016/1156; Commission Implementing Decision (EU) 2016/1223 revoked