Implementing dynamic changes

Winning in a vibrant economy with a sustainable corporate growth pattern depends on how the business and markets work and build together the high levels of trust and integrity in all interactions with stakeholders. How can the new regulatory and legislative mechanisms on the audit reform and the responsibilities of the audit committee, help to reduce the risks of market failure, minimising unproductive capital and support the resources of public and private companies.

The objective behind the new rules (Regulation 537/2014 and Directive 2014/56 / EC) is to improve audit quality and to restore investor confidence in the available financial information:

• Emphasise the independence and contribute to a more dynamic audit market in the EU
• Provide audit committees with tools for better supervision of the statutory auditors

The objective of the workshop is to gain a better understanding of the social and business implications of the legislation, including the role of audit committees in future. How can the new rules and regulations ensure confidence in the statutory auditors reporting, supervision, and independence with the company they review - In other words, how does the Board (or Audit Committee) role as a guarantor to the shareholders and the company's other "stakeholders" affected by this legislative package?

• What are the new challenges of audit committees will continue to be at the center of the recent audit reforms?
• How does the audit legislation relate to the statutory review practices of 'public interest entities (PIE) companies?
• How to improve the purpose of the legislation, to enhance audit quality and auditor independence.