Risk Audit - Training and Recruitment
Wednesday, 08 February 2012

It’s Good to Talk

Lord Lawson, former UK Chancellor of the Exchequer, has expressed concerns that EU proposals to reform the external auditing profession do not include a statutory requirement for auditors and regulators to share concerns with each other.

This is a provision that exists in the UK.

There are concerns that inadequate consultation was one of the factors that exacerbated the 2008 credit crunch.

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