Auditors are meeting with clients earlier to focus on their financing
arrangements and making sure they can continue as ‘going concerns’.
The credit crunch has increased the risk of companies facing liquidity issues
and auditors were talking to clients earlier than normal to avoid any shocks,
‘For many companies there is a level of consideration we didn’t have a year
ago,’ said Deloitte national technical partner Martyn Jones.
Accountancy Age revealed
today that firms have begun ‘summer schools’ to educate junior
auditors about warning signs to look for in failing companies.
Simon Wright of CareersinAudit.com discusses how an effective cyber defence force is critical to businesses worldwide and how internal auditors can make the transition to a new career in cyber security
The FRC has said that the investigation will 'consider, but not be restricted to, issues regarding misstated accounting balances'
Craig Maxwell joins the audit and assurance team in Scotland
Stephen Grayson to join the audit department in Manchester