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EMEA Audit & Accounting Technical Committee

Audit and Accounting Forum

London October 30, 2013

The committee (8 members)

• Nicky Warburton (UK, chair)• Christel de Blander (Belgium)• Christophe Bruant (France)• Kleopatra Kalogerop (Greece)• Oksana Kovtun (Ukraine)• Susanne Lücking (Germany)• Eddy Vaassen (Netherlands)• Patrick Zahno (Switzerland)

Meetings 2013

• 9-1 face-to-face London (6 attended)

• 21-3 conference call (4 attended)• 24-6 face-to-face Athens (cancelled)• 12-9 face-to-face Utrecht (5 attended)

Discussed

• Purposes and objectives of the committee in conjunction with the business development team

• Identify locally prepared technical guidance to be shared within the committee

• BT audit methodology best practices, including the use of IT and/or the IT auditor in the audit

Future

• Knowledge sharing in the broadest sense• Discuss technical issues• Identify best practices• Prepare comments on exposure drafts• Contribute to the BTI training needs by feeding into

the BTI training coordinator

Meet face-to-face 4 times a year

Topics for the next 12 months

• Independence and ethics• IT in the audit• Methodology consistencies and differences

Next meeting Paris 9-1-2014

To be discussed:• Ethics and Independence issues arising from local regulatory inspection

visits• Differences in independence and ethical requirements locally to IFAC• How ethics and independence is dealt with in the audit approach in each

member firm• How each member firm ensures that they comply with BTI procedures

On 10-1-2014 Nicky Warburton will give a presentation to the committee members (open to other partners and staffs who wish to attend) on the key differences that are likely to exist between local audit methodologies and the BT methodology along with a demonstration of aud-IT