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


  • Christopher Humphrey
  • Asad Kausar
  • Anne Loft
  • Margaret Woods


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.

Suggested Citation

  • Christopher Humphrey & Asad Kausar & Anne Loft & Margaret Woods, 2011. "Regulating Audit beyond the Crisis: A Critical Discussion of the EU Green Paper," European Accounting Review, Taylor & Francis Journals, vol. 20(3), pages 431-457, June.
  • Handle: RePEc:taf:euract:v:20:y:2011:i:3:p:431-457
    DOI: 10.1080/09638180.2011.597201

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    Cited by:

    1. Canning, Mary & O'Dwyer, Brendan, 2016. "Institutional work and regulatory change in the accounting profession," Accounting, Organizations and Society, Elsevier, vol. 54(C), pages 1-21.
    2. repec:eee:jiaata:v:24:y:2015:i:c:p:105-117 is not listed on IDEAS
    3. repec:eee:jiaata:v:23:y:2014:i:1:p:44-57 is not listed on IDEAS
    4. repec:eee:crpeac:v:25:y:2014:i:6:p:446-468 is not listed on IDEAS
    5. Melinda Timea FULOP, 2013. "“To serve the Public Interest”, the main characteristic of Accounting Profession," The Journal of Accounting and Management, Danubius University of Galati, issue 3, pages 27-37, December.
    6. Christopher Bleibtreu & Stephan Ulrike Stefani, 2013. "The Effects of Mandatory Auditor Rotation on Low Balling Behavior and Auditor Independence," Working Paper Series of the Department of Economics, University of Konstanz 2013-14, Department of Economics, University of Konstanz.
    7. repec:eee:accfor:v:38:y:2014:i:1:p:67-89 is not listed on IDEAS
    8. Canning, Mary & O’Dwyer, Brendan, 2013. "The dynamics of a regulatory space realignment: Strategic responses in a local context," Accounting, Organizations and Society, Elsevier, vol. 38(3), pages 169-194.
    9. Anna Samsonova-Taddei & Javed Siddiqui, 2016. "Regulation and the Promotion of Audit Ethics: Analysis of the Content of the EU’s Policy," Journal of Business Ethics, Springer, vol. 139(1), pages 183-195, November.
    10. repec:eee:accfor:v:39:y:2015:i:1:p:19-33 is not listed on IDEAS

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