Tuesday, June 29, 2010

FSA audit report: Regulator seeks power to disqualify audit firms


Bold new powers sought by financial regulator

The UK’s chief financial regulator is seeking bold new powers to fine, censure or disqualify audit firms.

A discussion paper released today proposes greater punitive measures for the Financial Services Authority (FSA) following a scathing report which questions auditor's independence in the lead up to the crisis.

See full Article.