Walsh stated the opinion during his speech to the Treasury-organised enterprise conference held yesterday at the QEII Conference Centre.
He also commented that a ‘cursory glance’ at the books of Enron, Parmalat or Adecco should have raised an alarm.
‘That would be a positive contribution to develop increasingly exacting standards of integrity and transparency and apply them – appropriately adapted to local culture – to developing markets as well,’ he added.
The second largest improvement in ‘significant’ levels of financial distress since the EU Referendum was in professional services, found research from Begbies Traynor
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