The new FEE discussion paper Pursuing a strategic debate follows up on Opening a discussion: the future of audit and assurance from 2014. It is based on the responses received to the 2014 paper and on the debate at the FEE Audit Conference Long Term Vision and Short Term Challenges in June 2015.
FEE’s work aims to keep the accountancy profession engaged in an open and dynamic debate with its stakeholders and propose changes to respond to a rapidly changing environment. This paper thus identifies three main topics for the future of audit and assurance:
·respond to stakeholders’ needs,
·encourage innovation driven by technology, and
·rethink education to ensure the right skillset for the future.
The challenges that lie ahead for the profession go along with plenty of opportunities to further evolve and better serve new markets’ needs. FEE is committed to support the constant adaptation of the profession, while continuously promoting the fundamental principles of integrity, objectivity and independence, professionalism, competence, and confidentiality.
Full press release
Full discussion paper
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