A return to prudence: how to restore faith in accountingAuditing needs to recover the idea of providing a ‘true and fair’ picture of companiesA dangerous dance: when auditors are too close to the clientFirms can be too focused on pleasing customers who are also a source of consulting incomeToo close for comfort: the incestuous ties that bind auditors and watchdogsConcerns that audit market is too beholden to the clients whose numbers it vetsAn illusion of choice: the conflicts that mire the audit worldMost listed US and British groups use one of the Big Four, with issues discreetly hiddenThe big flaw: auditing in crisisFT series: with a cabal of auditors dominating the market and chiefs making most of the system of ‘fair value’, what can the industry do to raise standards?Reform accounting rules to restore trust in auditPrudence and judgment were lost in the drive to fair value standardsMore from this SeriesBig Four scandals highlight a lack of social utilityA series of issues around the world shows all too clearly that auditing has become flabby
A return to prudence: how to restore faith in accountingAuditing needs to recover the idea of providing a ‘true and fair’ picture of companiesA dangerous dance: when auditors are too close to the clientFirms can be too focused on pleasing customers who are also a source of consulting incomeToo close for comfort: the incestuous ties that bind auditors and watchdogsConcerns that audit market is too beholden to the clients whose numbers it vetsAn illusion of choice: the conflicts that mire the audit worldMost listed US and British groups use one of the Big Four, with issues discreetly hiddenThe big flaw: auditing in crisisFT series: with a cabal of auditors dominating the market and chiefs making most of the system of ‘fair value’, what can the industry do to raise standards?Reform accounting rules to restore trust in auditPrudence and judgment were lost in the drive to fair value standardsMore from this SeriesBig Four scandals highlight a lack of social utilityA series of issues around the world shows all too clearly that auditing has become flabby