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.
Andrew Howson joins the firm from EY, bringing experience in advising private equity and corporate clients across multiple sectors in the UK and Europe
Dennis Layton takes up the position on April 1 and will contribute to the firm’s goal of becoming the leading global professional services organisation by 2020
Richard Cartwright becomes the new head, taking over from incumbent head of office David Lemon
Brian Burke, business development director, has moved within the firm to 'develop Quantuma’s networks with Sussex professional firms'