tailieunhanh - GREEN PAPER - Audit Policy: Lessons from the Crisis (Text with EEA Relevance)

One debate I have been hearing for years, in the audit profession, is the issue of auditor independence. As a public accountant and CPA I was well aware of the need for independence. When I became a CAE, I studied the IIA Standards and the audit indepen- dence issue. However, the popular theory that, as IA, we could not design controls improvement, sent me into many healthy debates with my contemporary CAEs, directors, and managers. I was told if we ‘‘designed controls’’ we could not independently audit them. With this I disagreed in general. For example, at Phelps we published a booklet on basic controls procedures for desktop computers. To. | EN EN EN EUROPEAN COMMISSION Brussels COM 2010 561 final GREEN PAPER Audit Policy Lessons from the Crisis Text with EEA Relevance EN EN TABLE OF CONTENTS 1. 2. Role of the . Communication by auditors to . International Standards on Auditing ISAs .9 3. Governance and Independence of Audit 4. 5. Concentration and market 6. Creation of a European 7. Simplification Small and Medium Sized Enterprises and . Small and Medium Sized Enterprises SMEs .18 . Small and Medium Sized Practitioners SMPs .19 8. International 9. Next steps . 21 EN 2 .