Auditing the auditors – Big Four still under fire. By Alan Shipman

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Although its latest quality report finds signs of progress and no major lapses in 2006-7, the Financial Reporting Council (FRC) remains determined to break the Big Four domination of large company audits. This article reviews the reasons for the FRCs concern, arising from research conducted in 2006 on which industry consultation was launched last October. A follow-up will look at proposals for reform drawn up by the FRCs invited panel in April, and the likely outcome of wider industry consultation now under way.

The quality of auditing in the UK remains fundamentally sound, according to the 2006/7 Audit Quality Inspections public rep...

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11th Jul 2007 15:30

Wow, sorry, got about a quarter of the way through and started to doze off.

I'm so glad I no longer work for an audit firm.. more hassle than its worth.

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