Get 20M+ Full-Text Papers For Less Than $1.50/day. Start a 14-Day Trial for You or Your Team.

Learn More →

A single set of worldwide auditing standards: The road is long …

A single set of worldwide auditing standards: The road is long … This article makes the case for convergence on a single set of global, high quality auditing standards. The need is driven by the fact that business and capital markets have ‘gone global’, whereas relevant laws, regulations and standards remain predominantly national in nature. The article is written for stakeholders in the financial reporting supply chain – preparers and issuers, including audit committee members; auditors; investors and investor representatives; auditor oversight bodies; other regulators and global and regional organizations such as the Financial Stability Board, the World Bank and various European institutions. It is written in the hope that it will encourage national regulators and others involved in the legislative and standard-setting process to take appropriate action in favor of convergence, thereby serving the global public interest. I also hope that the arguments presented will help global and regional organizations play their role in discouraging narrow nationalism. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png International Journal of Disclosure and Governance Springer Journals

A single set of worldwide auditing standards: The road is long …

Download PDF
12 pages

Loading next page...
 
/lp/springer-journals/a-single-set-of-worldwide-auditing-standards-the-road-is-long-3xJxmxW2Cl

References (3)

Publisher
Springer Journals
Copyright
Copyright © 2010 by Palgrave Macmillan, a division of Macmillan Publishers Ltd
Subject
Business and Management; Business and Management, general; Accounting/Auditing; Corporate Finance; Corporate Governance
ISSN
1741-3591
eISSN
1746-6539
DOI
10.1057/jdg.2010.20
Publisher site
See Article on Publisher Site

Abstract

This article makes the case for convergence on a single set of global, high quality auditing standards. The need is driven by the fact that business and capital markets have ‘gone global’, whereas relevant laws, regulations and standards remain predominantly national in nature. The article is written for stakeholders in the financial reporting supply chain – preparers and issuers, including audit committee members; auditors; investors and investor representatives; auditor oversight bodies; other regulators and global and regional organizations such as the Financial Stability Board, the World Bank and various European institutions. It is written in the hope that it will encourage national regulators and others involved in the legislative and standard-setting process to take appropriate action in favor of convergence, thereby serving the global public interest. I also hope that the arguments presented will help global and regional organizations play their role in discouraging narrow nationalism.

Journal

International Journal of Disclosure and Governance – Springer Journals

Published: Sep 16, 2010

There are no references for this article.