Four of the leading international accountancy organisations have joined forces to call for intervention in the audit market.
Ahead of the European Commission’s conference on the future of auditing on Thursday 10 February, and following the publication of its Green Paper entitled ‘Audit Policy: Lessons from the Crisis’, BDO, Mazars, Grant Thornton and RSM have jointly issued a
Statement welcoming this European Commission initiative and its review of the audit profession and saying there is a credible alternative to the status quo.
“We all have a responsibility to learn from the recent financial crisis and to accept that ‘no change’ is not an option for any of us, however uncomfortable that might be”, say Jeremy Newman of BDO, Patrick de Cambourg of Mazars, Ed Nusbaum of Grant Thornton and Jean Stephens of RSM.