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  • Breaking ranks - Russell Bedford welcomes revised Barnier proposals
  • December 03, 2011
  • Geoff Goodyear, chairman of Russell Bedford International, comments on the European Union Draft Regulation on specific requirements regarding statutory audit of public interest entities.

    The European Commission's December 2010 Green Paper on Auditing, Audit Policy: Lessons from the Crisis, was viewed by many as a 'knee-jerk' response to the perceived role of auditors' lack of independence in the failure to predict the global financial crisis.

    In a clear attempt to break the Big Four's dominance of the audits of European listed companies (PwC, Deloitte, Ernst & Young and KPMG together manage around 85% of all FTSE 350 equivalent company audits across the EU), the European Co...
  • View more at: http://www.1888pressrelease.com/breaking-ranks-russell-bedford-welcomes-revised-barnier-pr-pr-354974.html