Tuesday, August 03, 2010

FTSE 100 audits require "significant improvement", inspectors find


Audit Inspection Unit highlights deficiencies in company audits

Two FTSE 100 audits required “significant improvement”, according to an annual review of the UK’s largest eight audit firms, released today.

Auditors have also been accused of altering documents before handing them to regulators and putting cost savings ahead of quality, in the review by the Audit Inspection Unit (AIU).

See full Article.