Inside this Issue:
REGULATORY POLICY:
2. Stakeholders debated the future EU Audit policy on 10 February
2. Member States share regulatory practices in the follow-up to the Green Paper
2. Governance of IFAC: Renewal of the PIOB and the Chairmanship of the Monitoring Group
3. PIOB funding: The Grant Agreement for 2011 is under preparation
INTERNATIONAL COOPERATION:
3. Commission adopts first ‘Equivalence’ Decision reinforcing international cooperation on auditor supervision
4. First agreement reached with non-EU countries on the exchange of audit working papers
5. IFIAR: New Chairman and Vice-Chairman appointed
STATUTORY AUDIT DIRECTIVE:
5. Commission formally requests Cyprus to implement the Statutory Audit Directive
6. Contractor has been selected to examine the impact of EU audit rules and the structure of the audit market
OTHER NEWS:
6. UK Parliament: „Complacency’ of auditors contributed to financial crisis
6. US Senate Committee: Hearings on the role of the accounting profession