1. European Centre for Continuous Auditing
(It’s our language and that’s how you spell Centre)
Europe Today After Enlargement 2004
Greece Portugal
Italy France
Luxembourg Ireland
United Kingdom Belgium
Holland Germany
Denmark Austria
Sweden Finland
Spain
Poland Czech Republic
Hungary Slovenia
Slovakia Latvia
Lithuania Estonia
Cyprus Malta
Turkey??
500 Million People
35 Million SMEs

2. European Centre for Continuous Auditing
Scarcity of European participation in USA Centre
Rationale, Goals, Objectives similar to USA Centre
Two Centres will collaborate, boards inter-alia
Each European State will have 3 Advisory Board Members; 1 Gov.t, 1 Professional, 1 Institutional
Each State independent with assistance from Centre
EU very supportive, politically cohesive, funds available
Head of Audit HMCE, former Head MI5, Governor BOE

3. European Centre for Continuous Auditing
Academic Research
Research sponsored by EU in each State, co-ordinated where possible by Centre
Aiming for 2 symposia each year
Not done press launch until organisation finalised.
OUBS agreed to participate
UK Engineering & Physical Sciences Research Council funding research into crime in software. Salford bid

4. European Centre for Continuous Auditing
EPSRC Funding/ Salford Research
Three areas to police in CA:
Dynamic transactions a la CAATS
At keystroke level
Transaction pattern analysis/rules based, expert systems.
Unless we develop standards (XBRL) we will need CA software for each software package sold.
Obviate need for separate software by defining XML schemas across all types of transactions.
Expert systems can be developed by industry on a set of common transaction schemas. Salford doing both.