FEE encourage EP to support one benchmark audit

06 September 2006

The FEE published a briefing note on Statutory Audits in the European Union. The FEE welcomes Article 26 of the Statutory Audit Directive which aims to ensure consistent high quality statutory audits in Europe by prescribing the adoption of international auditing standards.

FEE President David Devlin emphasised that MEPs should support IAASB and should encourage regulators to enforce the application of such standards

“The public and users of financial statements expect the same level of assurance from the audit of a small and medium sized enterprise and of a publicly traded company”, concluded Mr Devlin.

Press release
Briefing note

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