Lying to auditors should be criminal offence: Deloitte

Lying to auditors should be a crime, the global chief executive of Deloitte
has said.

‘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.

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