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24 Jan 2008
Gordon Brown has called on auditors to improve their efforts as the credit crunch continues to batter the capital markets.
Talking to the Financial Times, The Prime Minister said that there was a need for more clarity because companies may have been too complacent about the risks they faced.
Brown said: 'If the manifestation of the problems was an underpricing of risk, the source of many of the problems was a deficit of transparency. That transparency deficit needs to be addressed – from within organisations, their auditors, the credit rating agencies and through regulatory requirements, leading to an increased understanding by firms, investors and regulators.'
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Briefings
By looking at the reasons supplier statements became unfashionable, and the reasons why it is different today, this paper delves into the many benefits that can be obtained by automating the process.
Having a real and true view of your organisation’s current financial position, and having the right systems and processes in place, will ensure that you can make strong choices and are ready to capitalise on opportunities
AccountancyAgeInsight is a frequently updated resource centre for finance professionals, offering a free and easy-to-use digital library of briefings, white papers and other information resources. 
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