One of the major lessons to be learnt from the Maxwell affair is that, when it comes to auditing, it is not the interests of the client that should be uppermost in an auditor’s mind.
This is an increasingly tricky concept in these days when firms urge their staff to concentrate on customer service, cross-selling and billing targets.
Having Mirror pensioners or Equitable policyholders – or any ordinary person who suffers real hardship as a result of a business collapse – at the forefront of his or her mind will make any auditor more objective.
It is these real people who should be considered in the discussions on audit independence that arise from the Maxwell affair.
Just one half of UK practices have implemented a pricing structure around auto enrolment implementation and advice - with many suffering increased costs
Deloitte's north-west Europe foray; BDO, Smith & Williamson investment paths; Shelley Stock Hutter; and Wilkins Kennedy discussed by editor Kevin Reed on our Friday Afternoon Live broadcast
Accountants should alter their perspective on auto-enrolment to maximise business opportunities, according to Eric Clapton.
Kevin Reed discusses whether new accountancy group Cogital can rival the Big Four...and its likely direction of travel