"The biggest fraud that ever took place in the UK, namely BCCI, had joint auditors,” partner says
The introduction of joint audits could increase the likelihood of fraud according to a senior Big Four partner.
The partner, who did not want to be identified, said the introduction of joint audits in the UK could increase the chance of fraud occurring and would not increase the audit quality.
“A crook could deliberately see an advantage in having two sets of auditors,” he said.
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