FIFTY PERCENT CANDIDATES PASS AUDITOR EXAMINATION--DANISH AUDITOR

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FSR danske revisorer (the Danish Auditors Association, or FSR) has
provided feedback on recommendations from the Danish Auditor
Commission. The recommendations from the Commission include: a)
accountancy education that leads to one type of approved auditor
(there are currently two different paths candidates can take); b)
establishment of a generalist education with specialization after
passing the appropriate exam; and c) that the level of auditor
training should correspond to that of a Chartered Accountant. FSR is
sympathetic toward these recommendations, especially addressing ways
to increase the percentage of candidates who pass the auditor exam
while maintaining the high quality of those entering the field
(currently only 50 percent of candidates pass). However, FSR points
out the need for a transitional arrangement to migrate from the
current to the new system without having any students put their
education on hold. FSR also requests clarification on the impact these
potential changes would have on currently qualified auditors and their
professional designations.