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Regulating Audit beyond the Crisis: A Critical Discussion of the EU Green Paper

Humphrey, Christopher; Kausar, Asad; Loft, Anne LU and Woods, Margaret (2011) In European Accounting Review 20(3). p.431-457
Abstract
With the European Commission making global leadership claims in the field of audit regulation, the content of its 2010 Green Paper on 'Audit Policy: Lessons from the Crisis' warrants careful scrutiny. Important issues raised in the Green Paper include regulatory oversight, competition in the audit market, the dangers of having very few firms with the capacity to audit global transnational corporations, professional judgement, innovative audit practices and, last but not least, social responsibility. This article analyses the principal perspectives and assumptions underpinning the construction of the Green Paper. The aims are threefold: to enhance understanding of the contemporary regulatory mindset of the European Commission, contribute to... (More)
With the European Commission making global leadership claims in the field of audit regulation, the content of its 2010 Green Paper on 'Audit Policy: Lessons from the Crisis' warrants careful scrutiny. Important issues raised in the Green Paper include regulatory oversight, competition in the audit market, the dangers of having very few firms with the capacity to audit global transnational corporations, professional judgement, innovative audit practices and, last but not least, social responsibility. This article analyses the principal perspectives and assumptions underpinning the construction of the Green Paper. The aims are threefold: to enhance understanding of the contemporary regulatory mindset of the European Commission, contribute to policy debate and inspire future research. (Less)
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author
organization
publishing date
type
Contribution to journal
publication status
published
subject
in
European Accounting Review
volume
20
issue
3
pages
431 - 457
publisher
Taylor & Francis
external identifiers
  • wos:000299282800001
  • scopus:84855920701
ISSN
0963-8180
DOI
10.1080/09638180.2011.597201
language
English
LU publication?
yes
id
2f98dd44-e531-44fc-a1ff-c5f8ee7145b5 (old id 2494210)
date added to LUP
2012-05-11 13:03:45
date last changed
2017-08-27 04:47:11
@article{2f98dd44-e531-44fc-a1ff-c5f8ee7145b5,
  abstract     = {With the European Commission making global leadership claims in the field of audit regulation, the content of its 2010 Green Paper on 'Audit Policy: Lessons from the Crisis' warrants careful scrutiny. Important issues raised in the Green Paper include regulatory oversight, competition in the audit market, the dangers of having very few firms with the capacity to audit global transnational corporations, professional judgement, innovative audit practices and, last but not least, social responsibility. This article analyses the principal perspectives and assumptions underpinning the construction of the Green Paper. The aims are threefold: to enhance understanding of the contemporary regulatory mindset of the European Commission, contribute to policy debate and inspire future research.},
  author       = {Humphrey, Christopher and Kausar, Asad and Loft, Anne and Woods, Margaret},
  issn         = {0963-8180},
  language     = {eng},
  number       = {3},
  pages        = {431--457},
  publisher    = {Taylor & Francis},
  series       = {European Accounting Review},
  title        = {Regulating Audit beyond the Crisis: A Critical Discussion of the EU Green Paper},
  url          = {http://dx.doi.org/10.1080/09638180.2011.597201},
  volume       = {20},
  year         = {2011},
}