It was temptingly billed as the opportunity for a wide range of stakeholders to talk frankly about improving the European audit market. But the promotional material for the Financial Reporting and Auditing: A Time for Change? conference, hosted by the European Commission in Brussels last month, also hinted that delegates might be treated to precious insight into the thinking of internal market and services commissioner Michel Barnier following the publication of his radical green paper last autumn: Audit Policy: Lessons from the Crisis. Among the reforms proposed in the paper were mandatory audit rotation, a ban on selling non-audit services to audit clients and the appointment of auditors by a third party - proposals that have been widely debated both before and since.
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