Thursday, November 30, 2017

UK's top accounting watchdog wants more powers from parliament following KPMG-HBOS probe

“A tribunal would need to find that no reasonable auditor or audit firm would have acted in the way that KPMG did, and this was not the case in relation to HBOS,” wrote Haddrill. He added that the FRC had modified this test in relation to straight audit cases, so the watchdog could chase "breaches which ...
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