Infos zum Thema audit

A Russian audit company knowingly issued wrong audit results and reports and could not be charged or imposed with penalties because it quit all governing bodies for the auditing profession, because membership is optional.

Companies are required to get an audit opinion for their financial reports. In combination with the high consolidation of the audit market, this raises the question, whether audit opionions could and should be a value-driver for investment decisions.

Three experienced accounting and auditing experts give their opinions about the future of the industry. Focus points: - fields to cover (IFRS, renewable energy, integrated reporting) - communication (social networks) - from number crushers to management advisors

ACCA wants to focus more on forward looking information and the reasonableness of the conclusions provided. This way, so the argumentation, the position of the auditor and it's contribution to confidence in the markets.

“Many investors believe there is valuable information that gets discussed by the auditors with management and audit committees to which investors do not have access – and I think they are right,” Grand Thornton partner Maslin said.

The International Forum of Independent Audit Regulators was established on 15 September 2006, based on the following activities: 1. To share knowledge of the audit market environment and practical experience of independent audit regulatory activity 2. To promote collaboration in regulatory activity; and 3. To provide a focus for contacts with other international organisations which have an interest in audit quality

In the UK auditors, regulators and academics discuss the content and informative value of an audit opinion. A desirable principles - they conclude - depends on whether an audit addresses the board of a company or the shareholders.

Ecovis begrüßt das Grünbuch ungewöhnlich positiv. Im Text sind dann allerdings deutliche Vorbehalte zu erkennen. Der zustimmende Grundton gilt wohl eher als Abgrenzung gegenüber der grundsätzlich negativen Äußerungen des Big-Four-Gesellschaften. Ob bei Ecovis Schadenfreunde herrscht? ;)