Lords to hear from Big Four heads
Lords to quiz auditors on banking collapse
THE HEADS OF the Big Four firms will be questioned on why they did not sound the alarm in the lead up to the banking crisis when they appear before a House of Lords inquiry today.
The managing partners from KPMG, PwC, Deloitte and Ernst & Young will be questioned about why auditors did not sound the alarm in the lead up to the crisis.
The committee has already questioned why auditors did not raise concerns about Northern Rock’s business model.
Lords have also been critical of the lack of communication between the Financial Services Authority and auditors in the years before the banking crisis.