When good auditors go bad
The auditing industry is in urgent need of serious reform, says a new report by advocacy group Open Secrets, in part because the public expects so much more than it has delivered so far
02 July 2020 - 05:00
The future of the audit industry hangs in the balance, as a raft of indiscretions and, in some cases, flagrantly criminal activity, has tarnished an industry critical to SA’s investment reputation.
This week, advocacy group Open Secrets publishes a searing report into the practices of "the big four" — KPMG, Deloitte, EY and PwC — dismantling the notion that the auditors have been unfairly criticised for their failures, and setting out just how it believes the profession must be reformed...
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