ROB ROSE: Wake-up call for cosy auditors club
Auditors rail against the new rule forcing companies to switch audit firms every decade. But a wave of scandals has eroded their argument
13 June 2019 - 05:00
A few years ago, SA’s auditing firms responded with haughty arrogance when the regulator suggested a rule change to ensure companies change auditors every decade or so. Bernard Agulhas, the CEO of the Independent Regulatory Board for Auditors, had suggested that this would be one way to ensure "a new pair of eyes".
"If auditors aren’t properly independent and are too cosy with their clients, the audit quality will be compromised, and shareholders will not have confidence in the information reported," Agulhas said...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.