Submission to EU on green paper audit policy

  • Date:09 Dec 2010
  • Type:Policy & Advocacy: Submission

On 9 December 2010, the Australian Institute of Company Directors provided comments to the European Commission in respect of its Green paper titled Audit Policy: Lessons from the Crisis. Our submission noted that the EU should look to Australia’s audit regulation framework which is robust and stable and in line with international best practice. Our submission provided comments on several proposals highlighted in the Green paper including audit firm (rather than partner) rotation, the appointment of the auditor by external third parties and joint audits. We cautioned that any changes made to the audit regulation framework in the EU would likely have ramifications beyond its borders.

Submission to EU on green paper audit policy