Table of Contents

1. Introduction 2. Institutional Setting and Audit Regulation in Europe 3. New Audit Reports: Improving Informational Content and Value 4. Mandatory Auditor Firm Rotation (MAFR): Perceived Benefits and Costs 5. Restrictions and Caps on Non-Audit Work: Challenges and Response Strategies 6. Audit Committees: Greater Powers and Proposed Standards 7. The Future of Audit: Impacts of New Technologies 8. The New Paths of Statutory Audits in Europe: Meeting Public Expectations and other Future Challenges

About the Author

Michael Kend, PhD, is a lecturer of accounting in the School of Accounting, Information Systems and Supply Chain at RMIT University, Australia.

Giulia Leoni, PhD, is associate professor of accounting at the University of Genoa, Italy.

Cristina Florio, PhD, is associate professor of accounting at the University of Verona, Italy.

Silvia Gaia, PhD, is a reader in accounting at Essex Business School (University of Essex, UK).