Audit debate 'stuck in the past' says BDO Stoy Hayward's Jeremy Newman
Those who deny concentration is an issue for audit firms are trying to keep the debate ‘stuck in the past,’ BDO Stoy Hayward managing partner Jeremy Newman has claimed.
In an article for Accountancy Age, Newman takes issue with those who have criticised the firm for allegedly ‘misusing’ the research of the London School of Economics to make a point about audit quality.
The LSE’s research suggested concentration had led to higher fees, a point that BDO has been quick to publicise. ‘It is disappointing that some have chosen to dismiss these conclusions as merely BDO Stoy Hayward’s interpretation,’ he writes.
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