B R I E F S: Debating the audit agenda

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The Independent Online
Debating the audit agenda

Ernst & Young has joined calls for an independent body to regulate the audit profession. In its response to the Auditing Practices Board's consultation paper The Audit Agenda, it urges an end to self-regulation and says the board cannot on its own make significant progress in meeting ever-rising public expectations.

The Chartered Association of Certified Accountants, in its response to the board's paper, says that the auditor of a listed company should have no involvement in the marketing or provision of other services to that client.

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