In an effort to harmonize international auditing standards on a regional level, the European Union has issued directives pertaining to this end. Its Eighth Directive caused the United Kingdom to change the country’s long-held standard for individuals wishing to be auditors. Which of the following is a new requirement for auditors in the UK?
A. Auditors must be members of a recognized professional association, such as the ICAEW.
B. New entrants to the auditing profession must hold a university degree in accountancy.
C. Auditors may now be a citizen of any country in the European Union rather than just the UK.
D. New members of the auditing profession must have a university degree.
Answer:D
In an effort to harmonize international auditing standards on a regional level, the European Union has issued directives pertaining to this end. Its Eighth Directive caused the United Kingdom to change the country’s long-held standard for individuals wishing to be auditors. Which of the following is a new requirement for auditors in the UK?
A. Auditors must be members of a recognized professional association, such as the ICAEW. B. New entrants to the auditing profession must hold a university degree in accountancy. C. Auditors may now be a citizen of any country in the European Union rather than just the UK. D. New members of the auditing profession must have a university degree.