Gavin Hinks and Mario Christodoulou discuss the House of Lords inquiry into audit’s role in the banking crisis. Were the audit firms ‘the dogs that didn’t bark’, as Lord Lawson suggested, and what should the Big Four expect when they face the inquiry?
The Financial Reporting Council has launched an investigation into the conduct of the Big Four firm in relation to its audit of BHS
The FRC says it best when it says nothing at all
Audit competition will drive many changes, but increased audit quality is extremely questionable
BDO says £10bn worth of audit and non-audit services could swap hands between accountancy firms in the next ten years