Large multinational accountancies are now being held to account over their use of local affiliates when conducting audits. Sub-standard work and a flaunting of regulations are the main reasons for this, and more pressure is being exerted on the biggest practices to ensure they hold their partners to the same stringent standards, as lapses in countries like China are bringing this subject to a head. Do we think a decentralised model for conducting audits should remain, or do we agree that holding the biggest players to account is a positive for the industry?

Posted by Accountants' Club at 2022-10-12 10:35:45 UTC