The quality and effectiveness of audit: call for views

This call for views, launched by the Sir Donald Brydon Independent Review, invites views, information and evidence on, in particular:

• the purpose of audit and for whom it should be carried out
• whether its scope and purpose should be widened and strengthened to meet changing expectations of audit
• how the quality of the audit process and product could be improved
• whether audit findings could be better communicated
• the role of audit within wider business assurance and in relation to directors’ legal responsibilities
• the role of audit in detecting fraud
• auditor liability

The call for views is aimed at anyone with a direct or indirect interest in the audit product in the UK, including:

• shareholders and their representatives
• other providers of finance to companies
• audit firms
• professional advisory bodies
• business groups
• academia and think tanks
• employees and employee representatives
• pension funds and their members
• members of the public.