But the Spectre of Audit Liability Looms Large in Face of Much Needed Change
Auditors should report on risk, governance, the business model and other forward looking information, finds a new report from ACCA (the Association of Chartered Certified Accountants) which gathers expert opinions from a series of roundtables held during 2010 in key financial markets around the world.
The report, Reshaping the audit for the new global economy, reflects discussions held in the UK, Poland, Singapore, Ukraine, Brussels, Zambia, and Malaysia about the future of audit during a year in which the role of audit has come under increasing regulatory scrutiny. Investors, corporates, banks, regulators, auditors and other stakeholders were brought together to give their views.
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