A CLASH OF VALUES

摘要

In early April, the European parliament adopted legislation that will profoundly affect the European audit market. Several provisions in this wide-ranging package are welcome, strengthening financial reporting and improving corporate governance. Other measures, however, continue to raise serious concerns - and not just for those investing or doing business in Europe. As these audit reforms move from adoption to implementation, investors, regulators, auditors, businesses and others must remain vigilant and engaged to ensure the evolving European policy environment for auditors does not harm investor confidence or audit quality. Avoiding negative outcomes will likely prove a challenge.