Financial Digest

Auditors told to swallow some medicine in wake of bank scandals

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Auditors may have dodged a bullet at the banking royal commission, but they are now scrambling to head off new laws banning them from lucrative consulting work with companies they audit.

 

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Chartered_Accts Why not make new Professional Standards/Code of Conduct policies that members: 1. Can’t audit companies they have a personal/professional interest in; and 2. Can only either audit or consult for a client. Not both. JS

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