Auditors under the blowtorch

The collapse of rural financier Banksia has highlighted the critical role of auditors. Now a new rule is likely to radically change the industry, putting greater responsibility on auditors' shoulders. That will help investors, but at a price.

That’s good news for investors who want auditors’ expert opinions. The downside is that we can expect this will generate litigation. Lawyers will be the biggest winners. And if it goes through, audit fees will go through the roof. Transparency has a price.


SMS Code Sent…

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to activate your membership

If you didn't receive SMS code please

Log in to access this content

Looks you are already a member. Please enter your password to proceed

Hi {{ user.FirstName }}

Verify your mobile number to unlock a FREE trial

Looks like you've already taken a free trial

Please sign up for full access

Updating information

Please wait ...

Related Articles