The Commons Treasury Committee will cross-examine audit industry
representatives this month as part of an investigation into the banking crisis.
The 28 January hearing will question auditors about their role in the crisis
and whether reform of the auditing industry is needed.
MPs on the influential committee will also question CBI boss Richard Lambert
as well as representatives of hedge funds, other investors and the credit
Lib Dem MP Lord Thurso said: ‘Auditors obviously play a crucial role in the
corporate governance of financial institutions. The clear lesson of the last 18
months is that the ability to create new financial instruments outpaced our
ability to understand and regulate them.
‘Auditors are best placed to help us understand the problems and potential
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
"The whole idea of HMRC officials supplying confidential information about individuals to the media on a non-attributable basis is, or should be, a matter of serious concern," say Supreme Court judges
Investment in people, tech and businesses impacts on EY's profit per partner figure