Thursday, July 01, 2010
Financial auditors not sceptical enough in run-up to crisis, FSA says
Auditors 'inadequately challenged' firms' assumptions in deciding whether to take provisions for loans not being repaid
The role of accountants in the banking crisis was thrust into the open yesterday when the Financial Services Authority said that the profession had not been sceptical enough about the financial firms it audited in the run up to the banking crisis
See full Article.