The chair of BDO International Ltd.’s global board warned against regulatory overreach in the wake of two corporate debacles that have called into question the role of the auditor worldwide.
Wayne Berson, who also serves as the CEO of BDO USA LLP, listed the remedies being considered as a consequence of the Carillion Plc scandal. The collapse of construction and outsourcing group Carillion has led to intense scrutiny of the U.K. audit firms and their regulator
Those possible solutions also include mandatory firm rotation for some markets and independently set fees and breaking up accounting firms into audit-only and consulting ...
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