06 Volker Röhricht Speech (Chairman, Auditor Oversight Commission, Germany).pdf

Speech_Rohricht27102006101533.pdf
Preview of 06 Volker Röhricht speech (Chairman, Auditor Oversight Commission, Germany)
🔗 Source: accountancyeurope.eu
📊 Size: 22 KB
👤 Author: Michael
⬇️ Downloads: 120

Summary

Dr. h.c. Volker Röhricht, Chairman of the Auditor Oversight Commission in Germany, spoke at the FEE Conference on Audit Regulation in Brussels on October 12, 2006. He discussed the importance of public oversight in the audit profession, citing the Sarbanes-Oxley Act in the US and the European Directive on Statutory Audits. The Directive outlines six core principles of public oversight: all statutory auditors and firms are subject to public oversight, the system is governed by non-practitioners, has ultimate responsibility for oversight, is transparent, and has adequate funding. Röhricht noted that these principles can be agreed upon worldwide, but implementation may vary by country. He also described how Germany has addressed these principles through the Auditor Oversight Act, which established an independent commission governed by non-professionals.

Description

Dr. h.c.

Technical Information

  • File Format: PDF
  • File Size: 22 KB
  • Pages: 9
  • Language: EN
  • Author: Michael
  • Total Downloads: 120
  • Last Updated: 2 months ago

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