Bankers and lawyers who provide information used in company accounts should be bound by similar ethical codes as auditors and directors, the Audit Quality Forum has said.
The group has decided to set up a working group on the role of ‘third parties’ in the reporting chain, the FT reports today.
Gerald Russell, chairman of the AQF, said: ‘We are trying to make sure [bankers, lawyers, tax advisors and surveyors] are bound by the same ethical and regulatory guidelines as auditors and directors. The concerns are that if they give misleading or partial advice there are no sanctions.’
Carter Backer Winter has acquired Edwards Financial Services, expanding its financial planning department
New growth opportunities in Aberdeen, North East Scotland, are being invested in by Grant Thornton
Colin responds to the call for 'Darwinism' in accountancy
A new partner, Dermot Callinan, has joined Saffery Champness from KPMG where he was recently the head of the UK private client advisory team