The Financial Reporting Council and the The Institute of Chartered Accountants of Scotland launched on 20 November 2012 “a major project that will investigate the competencies and professional skills of auditors”. Press release here and project document here.
See also: SEC charges China affiliates of Big Four accounting firms with violating US securities laws
Accountancy watchdog starts investigation into PwC’s audits of disaster-prone RSM Tenon
Healthcare Locums fiasco: BDO under investigation
Big Four accountants are just too credulous, says audit watchdog
Auditors are basically useless says House of Lords Economic Affairs Committee
