February 2011
Four of the leading international accountancy organisations have joined forces to call for intervention in the audit market.
Ahead of the European Commission’s conference on the future of auditing on Thursday 10 February, and following the publication of its Green Paper entitled ‘Audit Policy: Lessons from the Crisis’, BDO, Mazars, Grant Thornton and RSM have jointly issued a statement welcoming this European Commission initiative and its review of the audit profession and saying there is a credible alternative to the status quo.
“We all have a responsibility to learn from the recent financial crisis and to accept that ‘no change’ is not an option for any of us, however uncomfortable that might be”, say Jeremy Newman of BDO, Patrick de Cambourg of Mazars, Ed Nusbaum of Grant Thornton and Jean Stephens of RSM.
The joint statement is attached herewith.
Note to editors |
This global press statement is issued jointly by BDO International Limited, Mazars, Grant Thornton International Limited and RSM International Limited.
BDO: The combined fee income of all the BDO Member Firms, including the members of their exclusive alliances, was $5.28 billion in 2010. The global network provides advisory services in 119 countries, with almost 47,000 people working out of 1,082 offices worldwide.
Mazars: Mazars is an international, integrated and independent organisation, specialising in audit, consulting, accounting, tax and advisory services. Mazars relies on the skills of 13,000 professionals in the 61 countries which make up its integrated partnership.
Grant Thornton: Grant Thornton International is one of the world’s leading organisations of independently owned and managed accounting and consulting firms. These firms provide assurance, tax and advisory services to privately held businesses and public interest entities. More than 2,500 partners provide clients with distinctive, high quality and personalised service in over 100 countries. For more information visit www.gti.org.
RSM: The network’s total fee income of US$3.8 billion places it amongst the top six international accounting organisations worldwide. Member firms are driven by a common vision of providing high quality professional services, both in their domestic markets and in serving the international professional service needs of their client base.
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Contacts |
Julia Henniker
Brussels Worldwide Services BVBA
Jo Sheldon, Edelman PR
Sandrine Verdelhan
Mazars
Christine Hobart
Grant Thornton
Gill Hawkes
RSM
David Morris
Euro RSCG London PR |
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