The ACCA (Association of Chartered Certified Accountants) hosted a public debate entitled “Future of Audit” to discuss the increasing public interest in the work of auditors in current economic conditions around the world. Topics discussed included role of audit in society, tackling the lack of transparency, addressing corruption, calls for stricter adherence to existing regulations and greater cooperation with regulators, the economics of audit in times of downturn, proportionate and fair limitation of auditor liability.