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.
Harrison Beale & Owen will (HB&O) have a new chairman and managing director at the helm for 2017
Satvir Bungar promoted to managing director in the mergers and acquisitions team
Carolyn Brown appointed as the first head of client legal services practice RSM Legal
UK senior partner Phil Verity has been elected for a second term at Mazars