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