PracticeConsultingFTSE firms lack audit experience

FTSE firms lack audit experience

Grant Thornton study reveals audit committees lack 'relevant financial experience'

The qualifications of FTSE 350 audit committees has been called into question
after a Grant Thornton survey revealed that 55 did not have a single person on
the committee with ‘recent and relevant financial experience.’

At a time when firms’ corporate governance policies are under scrutiny, it is
a major short-coming for audit commitees and chairs to lack knowledge in the
latest accounting practices, partner Eddie Best told the Birmingham
Post
.

The survey also charts a decline in the average number of directors, which
fell from 9.5 to 8.5 in 2008.

Related Articles

Scott Barnes: Grant Thornton to answer £500m question

Accounting Firms Scott Barnes: Grant Thornton to answer £500m question

4y Kevin Reed, Writer
Navigant's FS arm acquired by Grant Thornton

Consulting Navigant's FS arm acquired by Grant Thornton

4y Kevin Reed, Writer
Grant Thornton acquires consultancy LECG

Consulting Grant Thornton acquires consultancy LECG

7y Kevin Reed, Writer
GT break away group forms advisory business

Audit GT break away group forms advisory business

7y Accountancy Age, Reporters
GT advises on first PLC buyout by a not-for-profit

Company News GT advises on first PLC buyout by a not-for-profit

8y Kevin Reed, Writer
Grant Thornton profit dips as downturn bites

Audit Grant Thornton profit dips as downturn bites

9y Nick Huber, Writer
Madoff auditor to get grilled by investigators

Accounting Firms Madoff auditor to get grilled by investigators

9y David Jetuah, Reporter
BDO Stoy Hayward to cut 250 jobs

Consulting BDO Stoy Hayward to cut 250 jobs

9y Nick Huber, Writer