Steve Clapham, founder of research and training firm Behind the Balance Sheet, sets out four simple steps that could be taken to dramatically improve audit quality.
A series of high-profile corporate failures have highlighted the unacceptable quality of auditing in the UK. The collapse of former FTSE 350 companies, such as Carillion, Debenhams and Thomas Cook – to name but a few – have quite correctly led investors to question whether they are receiving the protection they have a right to expect.
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