Auditors need a stronger incentive to stand up to clients
Insurance would restore trust in a profession beset by scandal Christian Mouillon It is time to rethink what auditors do. A spate of recent accounting scandals, including India’s Satyam, South Africa’s Steinhoff and the UK’s Carillion, suggest that, in spite of standard-setters’ and regulators’ best efforts, not much has changed since the 2008 financial crisis.…
