John Griffith-Jones says a 'kitemark' would require individual auditors and firms to sign-up to an increased level of responsibility
John Griffith-Jones has called for 'kitemark' standard for audit reports, arguing that, with hindsight, accounts can turn out to be 'spectacularly wrong'.
'No amount of words in the auditor’s opinion will change that fact,' the co-chairman of KPMG Europe said.
Griffith-Jones asked the profession to consider re-thinking the role of public company audits and suggested the current 'expectation gap' could be closed with a 'new approach' and new contract.
See full Article.
Posts
