Thursday, July 01, 2010
FSA accuse auditors of failing to question management bias
Auditors showed a "worrying lack of skepticism"
Auditors have become yes-men who don’t adequately question management bias according to concerns raised by the UK’s chief financial regulators.
The Financial Services Authority (FSA) and the Financial Reporting Council today released a scathing discussion paper into the profession following concerns raised in the wake of the financial crisis.
See full Breaking News: FSA accuse auditors of failing to question management bias - Accountancy Age