City minister warns profession that it faces greater scrutiny
Banking crisis leaves questions unanswered about auditors' role, according to Lord Myners
City minister Lord Myners has suggested that the accounting industry will
come under more intense scrutiny as part of deconstructing the issues behind the
He also criticised shareholders for failing to keep a closer eye on auditors’
Lord Myners called for a “cynical Scot” to be appointed to audit committees
as part of keeping executives in check, as bank boards required stronger
challenges from those who would not just accept conventional wisdom.