Lying to auditors should be a crime, the global chief executive of Deloitte
‘We would like the law changed to make it a crime to lie to auditors,’
William Parrett said in an interview with the FT. ‘The few companies we
deal with that do participate in fraud not only damage the reputation of our
firm but also the capital markets.’
The UK and the US have already introduced a crime, lower than fraud, relating
to the withholding of information from auditors or misleading them deliberately.
Most other countries only have a general requirement for directors to behave
honestly, the FT reports.
The second largest improvement in ‘significant’ levels of financial distress since the EU Referendum was in professional services, found research from Begbies Traynor
Two new audit partners have been appointed at the firm BDO in its audit practice following continued growth and investment
Investment in people, tech and businesses impacts on EY's profit per partner figure
If businesses do not take cyber security seriously in their business planning regulators may do it for them, the ICAEW has warned