TY - UNPB
T1 - Auditor/company interation in 2007 UK regulatory environment
AU - Hines, Tony
AU - Beattie, V.
AU - Fearnley, Stella
N1 - Institution:
Institute of Chartered Accountants in England and Wales.
Department:
Centre for Business Performance.
PY - 2008
Y1 - 2008
N2 - The issue of audit quality currently sits at the top of the financial reporting policy agenda (eg, FRC, 2006a; 2007, 2008). The audit process involves interactions (ie, discussions and negotiations) between the audit team and client company directors and staff. At senior level, these interactions determine the content of the published financial statements and hence impact on the overall integrity of the financial reporting process and capital market confidence. This Briefing reports findings from a survey of the three principal parties (finance directors/chief financial officers (CFOs), audit partners (APs) and audit committee chairs (ACCs)), part of which explores their role in the audit interaction process. The data was collected between June and September 2007 and therefore relates to the current UK regulatory environment. In this Briefing we report on the extent, nature and outcomes of financial reporting interactions which took place involving the three parties.
AB - The issue of audit quality currently sits at the top of the financial reporting policy agenda (eg, FRC, 2006a; 2007, 2008). The audit process involves interactions (ie, discussions and negotiations) between the audit team and client company directors and staff. At senior level, these interactions determine the content of the published financial statements and hence impact on the overall integrity of the financial reporting process and capital market confidence. This Briefing reports findings from a survey of the three principal parties (finance directors/chief financial officers (CFOs), audit partners (APs) and audit committee chairs (ACCs)), part of which explores their role in the audit interaction process. The data was collected between June and September 2007 and therefore relates to the current UK regulatory environment. In this Briefing we report on the extent, nature and outcomes of financial reporting interactions which took place involving the three parties.
M3 - Working paper
BT - Auditor/company interation in 2007 UK regulatory environment
PB - Institute of Chartered Accountants in England and Wales
CY - London
ER -