Report of Advisory Committee on the Auditing Profession
27 Sep 2008
At its meeting yesterday, the US Treasury Department's Advisory Committee on the Auditing Profession voted to adopt its final report containing more than 30 recommendations to improve the sustainability of the public company auditing profession.
Recommendations focused on three specific areas:
- improving accounting education and strengthening human capital;
- enhancing auditing firm governance, transparency, responsibility, communications, and audit quality; and
- increasing audit market competition and auditor choice.
- Press Release (PDF 29k)
- Fact Sheet Summarising the Report's Recommendations (PDF 25k)
- Draft Final Report (PDF 1,502k)
- Details of Formation of the Advisory Committee