
After the heavy turbulence experienced over the last few years, many regulatory changes have been introduced in the audit field:
• Creation of the Autorité des Marchés Financiers (AMF) (French stock market regulation authority)
• Creation of the Haut Conseil du Commissariat aux comptes (HCCC) (French statutory auditing autority) which regulates and codifies our profession
• Application of the Loi sur la sécurité financière (LSF) (French financial security act)
These developments have strengthened our determination to remain independent and to step up the resources provided for statutory auditing assignments.
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