FSA seeks new powers to censure, penalise or disqualify auditors that don't challenge client's management bias
Bold new powers to disqualify audit partners are part of a larger push to provide an “incentive” for auditors to co-operate with regulators, a senior Financial Services Authority figure has said.
The FSA is seeking new powers to censure, penalise or disqualify individual auditors after it found the profession failed to challenge management bias in the lead up to the banking crisis.
See full Article.
Posts
