Opening the bids to restore public confidence in the battered industry, Sam DiPiazza, global chief executive of PricewaterhouseCoopers, urged auditors to take responsibility for vetting financial information currently falling outside US principles.
At the same time KPMG’s new UK senior partner John Griffith-Jones reportedly suggested greater scrutiny of management’s track record to identify potential fraudsters.
His colleague Ted Awty, KPMG head of assurance, writing in Accountancy Age, suggests the extension of reporting into non-financial areas and greater transparency on fee income.
Click here to follow Ted Awty and Peter Williams as they debate this issue.
HMRC breaches client confidentiality; and partner profits fall at EY. These stories and more discussed in Friday Afternoon Live
Two new audit partners have been appointed at the firm BDO in its audit practice following continued growth and investment
Changes to the tax system is urged to support the growth of entrepreneurs, found a report from the Grant Thornton UK, the Institute of Directors, and the Prelude Group
Six new partners have been revealed by top ten firm Mazars