Monday, September 20, 2010

FRC delivers verdict on audit firms


AIU reports released

A rump of audits are still not up to scratch according to the head of the industry watchdog who said “behavioral change” is needed to address the issues.

The Audit Inspection Unit (AIU), which sits within the Financial Reporting Council, found an overall high standard of audit, but still serious issues which required “significantimprovement”

See full Article.