Tuesday, June 15, 2010

Measures to open up audit market have so far failed


Watchdog says it will look for new measures this years to improve audit choice

Measures introduced to open up the market for big public company audits to firms outside the Big Four have shown no evidence of success, according to a report from the Financial Reporting Council (FRC).

The FRC, now under the leadership of Stephen Haddrill, has announced it will now re-examine the issue before the end of the year to see what others steps might be taken.

See full Article.