Prepare a business report which discusses in detail the many changes in audit regulation that were introduced by the EU in April 2014. Your report should also discuss the background to the introduction of these changes and the key problems which were perceived to exist within the profession as a result of the previous audit regulatory regime.
Discuss and analyse the detailed arguments for and against these changes. Your answer should include the views of members of the auditing firms of varying sizes in the UK and also those of any other interested parties.
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