BBC RADIO 4: The Bottom Line: Are auditors fit for purpose?

Press/Media: Expert comment

Release date: 23/2/2019

Description

What's the point of an audit if it fails to detect when a company's about to go under? The sudden collapse of BHS, Carillion and Patisserie Valerie has dented public confidence in the firms that audited them and prompted calls for a shake-up of the audit industry. Would more competition in the sector, which is dominated by four big players, drive audit quality up? Do accountants need to be more robust in challenging company figures?

Joining Evan Davis for The Bottom Line:

Bill Michael, UK Chairman and Senior Partner at KPMG.
Jac Berry, Audit Partner and UK Head of Quality at Mazars
and Christopher Humphrey, Professor of Accounting at the Alliance Manchester Business School

Media contributions

TitleAre auditors fit for purpose?
Media name/outletBBC Radio 4
Media typeRadio
Country/TerritoryUnited Kingdom
Date23/02/19
DescriptionWhat's the point of an audit if it fails to detect when a company's about to go under? The sudden collapse of BHS, Carillion and Patisserie Valerie has dented public confidence in the firms that audited them and prompted calls for a shake-up of the audit industry. Would more competition in the sector, which is dominated by four big players, drive audit quality up? Do accountants need to be more robust in challenging company figures?

Joining Evan Davis for The Bottom Line:

Bill Michael, UK Chairman and Senior Partner at KPMG.
Jac Berry, Audit Partner and UK Head of Quality at Mazars
and Christopher Humphrey, Professor of Accounting at the Alliance Manchester Business School
URLhttps://www.bbc.co.uk/programmes/m0002mg6
PersonsChristopher Humphrey