Curbing auditors

Posted on / Companies / Industrial Goods - Consultation opens possibility of more curbs on auditors.

Accountants in the UK could face further curbs on non-auditing services they provide to audit clients following a consultation exercise that will reopen the controversy at the heart of the Enron accounting scandal.

The Auditing Practices Board is weighing up whether to pursue further restrictions and will on Tuesday publish a consultation on the topic after questions were raised by MPs as part of their investigation into the causes of the credit crisis.

As this graph shows the trend has not gone far enough:

There is only one safe number here: it is zero.

Then we have independent audit. Now we have anything but.