Calls for companies to rotate their auditors to avoid cosy relationships developing are mounting as the threads leading to Enron’s collapse unravel.
‘The Enron crisis is an opportunity for putting independent audit on much firmer foundation,’ Alan MacDougall, managing director of Pirc, pension investment research consultants, told the ,FT.
Under a broad review due to start in March, the Financial Services Authority will be looking at the possibility of auditor rotation. The fledgling Accountancy Foundation, the profession’s independent watchdog, is also reviewing the role of auditors.
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
Dr Richard Willis provides a several thousand-year history lesson of the profession, from origin to modern-day