Dear EFAA
members,
RE: EC
consultation on control structures in audit firms –
first results
The European Commission
published a summary of the answers received to its
public consultation on control structures in audit
firms and their consequences on the audit market,
which was launched in November 2008. The first
results show that “stakeholders recognise the need
to open up the market for the audit of international
companies to more suppliers or at least to ensure
that the current market structure does not
deteriorate further.
90% of respondents believe
that the Commission should strive to reduce all
potential barriers to the entry, growth and survival
of audit firms in the international audit
market.”
Please find attached the
summary report.
The responses authorised for publication
are available at:
http://ec.europa.eu/internal_market/auditing/market/index_en.htm
Kind
regards,
Marion
_______________________________________________
European
Federation of Accountants and Auditors for
SMEs
Rue Jacques de Lalaing,
4
EFAA,
the European Federation of Accountants and Auditors
for small and medium-sized enterprises, is the
umbrella organisation for national accountants and
auditors’ organisations whose individual members
provide professional services primarily to SMEs.
EFAA has 12 members throughout Europe
representing over 200,000 accountants and
auditors.
