Sunday, September 19, 2010

ICAEW chief says audit quality remains strong


Audit industry has no systemic problems, ICAEW chief said

Individual audit firms can do better, but overall audit remains in good shape, the head of the UK’s largest accounting institute said in a blog.

Michael Izza, chief executive of the ICAEW, has rallied to the defence of the profession after the release of the Financial Reporting Council’s critical audit inspection unit (AIU) reports, yesterday.

See full Article.