Deloitte Responds to Financial Stability Board Comments on Enhancement of Audit Process

NEW YORK, March 16, 2012 /PRNewswire/ --

Deloitte welcomes the Financial Stability Board's (FSB) call to improve the dialogue between external auditors and prudential supervisors and regulators of financial institutions in the wake of the recent global financial crisis. We also applaud the collaborative and global approach to addressing lessons learned from the financial crisis through the leadership of the FSB and engagement of International Audit and Assurance Standards Board (IAASB) and International Forum of Independent Audit Regulators (IFIAR). These challenges clearly require global and consistent solutions.

As we have stated in the past, Deloitte is firmly committed to supporting measures that would sustain and enhance audit quality and build confidence among investors and other stakeholders, and ultimately help prevent a future financial crisis. We look forward to collaborating with the FSB and other parties in working to enhance financial stability in today's increasingly complex business environment.

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