Investors are concerned about the ability of the Asian audit market to keep
apace with the rapid growth of businesses, says Asian Corporate Governance
secretary general Jamie Allen.
‘The accounting firms are running fast to try and keep up but even they admit
that there is a limit to the depth of their expertise,’ said Allen in an
Unless companies improve their governance they will be shunned by moderate
investors. ‘These companies will have to accept lower share prices because of
the corporate governance discount,’ said Hong Kong-based investor activist David
Asian corporate governance has come under the spotlight again after its
chairman admitted to a $1bn accounting fraud at Satyam. Investors have asked why
auditors PricewaterhouseCoopers did not spot the fraud.
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
"The whole idea of HMRC officials supplying confidential information about individuals to the media on a non-attributable basis is, or should be, a matter of serious concern," say Supreme Court judges
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