engleski

The Comparative Analysis of Public Auditing Oversight

According to the Directive (2006/43/EC) of EU regarding the auditing and auditing profession all EU member states should organize an effective system of public oversight for statutory auditors and audit firms. Besides that, all statutory auditors shall be subject to public oversight. According to the EU Directive the system of public oversight shall have the ultimate responsibility for the oversight of the approval and registration of statutory auditors and audit firms, the adoption of standards on professional ethics, internal quality control of audit firms and auditing and continuing education, quality assurance and investigative and disciplinary systems. The objective of audit regulation is to enhance audit quality in the public interest. However, the Directive uses the phrase the “system of public oversight”. That means that the public oversight systems can have different forms and different levels and the countries have the obligation to found this form of public oversight over the auditing profession. The aim of this paper is to explore different systems of public oversight over the selected EU countries as well as the public oversight system in the Croatia. The comparative analysis between the selected EU countries and Croatia will be based on the following criteria: the nomination procedure, scope of activities, funding and transparency procedure.

: public oversight systems; auditing profession; comparative analysis; EU countries; Croatia

nije evidentirano