The Auditing Practice Board has published 137 responses to its consultation on audit firms providing non-audit services to listed companies that they audit. A consistent theme in may of the responses is a call for further transparency in disclosures in accounts of listed companies in relation to the non-audit work undertaken by the auditor. While […]
Read MoreThe current economic downturn is encouraging issuers to review their audit arrangements with more pressure to delivery low cost audits says Ernst & Young’s audit chief, John Flaherty. According to reports in Accountancy Age tendering activity is at its highest level since the beginning of the new millennium. ‘We are seeing more driven on the […]
Read MoreNine out of ten audit committee members say that the recession has increased the risk of earnings management and other misconduct – and yet fraud risk was the issue committees felt they were least effective at overseeing. Research by KPMG’s Audit Committee Institute amongst 1,000 audit committee members in 25 countries has found that the economic downturn […]
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