PracticeAuditLying to auditors should be criminal offence: Deloitte

Lying to auditors should be criminal offence: Deloitte

Deloitte global chief executive pushes for criminal sanctions across the world for those who lie to auditors

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.

Related Articles

The ‘uncomfortable truth’ behind FRC’s Big Four fines recommendations

Audit The ‘uncomfortable truth’ behind FRC’s Big Four fines recommendations

5d Carl Johnson, Stephensons
BDO holds off Big Four to retain top position as AIM auditor

Audit BDO holds off Big Four to retain top position as AIM auditor

6d Alia Shoaib, Reporter
FRC urged to fine Big Four firms penalties over £10m

Audit FRC urged to fine Big Four firms penalties over £10m

3w Alia Shoaib, Reporter
EY to audit Standard Chartered bank

Audit EY to audit Standard Chartered bank

1m Alia Shoaib, Reporter
KPMG replaces PwC as Croda auditor

Accounting Firms KPMG replaces PwC as Croda auditor

2m Emma Smith, Managing Editor
EY fined £1.8m over Tech Data audit

Accounting Standards EY fined £1.8m over Tech Data audit

2m Emma Smith, Managing Editor
Top 50+50: Firms post significant growth in new tax and audit rankings

Audit Top 50+50: Firms post significant growth in new tax and audit rankings

2m Emma Smith, Managing Editor
FRC closes investigation into PwC over Barclays compliance

Accounting Firms FRC closes investigation into PwC over Barclays compliance

2m Alia Shoaib, Reporter