Why the big four have lost the plot

Article Abstract:

Companies have gone through the process of increased audit regulations well, though the Big Four audit firms have created problems as they who have lost the plot and collapsed under the regulatory burden. One of the reasons behind their failure is that they spent much time and resources trying to sell more lucrative non-audit services to companies and were distracted when the regulations came.

Auditing

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Firm friends?

Article Abstract:

The opportunities available with the members opting for Practice Assurance are explored. It is suggested that the success of this process is the need for the instituteEs reviewers to concentrate on support rather than regulation, and for them to able to gain a clear understanding regarding the way each firm conducts its business.

Financial Corporations, Financial institutions

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No news is good news

Article Abstract:

The issue regarding the rotation of audit partners to be sufficient to counteract complacency in audit judgments is debated. It is proposed that changes are required to determine the authority of the profession and its regulators since they need change in the structure of accountability within which boards operate.

Audit committees

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