FMA sees big gap between ‘big four’ auditors and the rest

Tue, 10 Dec 2013

By Paul McBeth Dec. 10 (BusinessDesk) - The Financial Markets Authority says there’s a big difference in quality between audit reports by the ‘big four’ accounting firms and their lower tier rivals, who will need to step up their game significantly to meet regulations overseeing the sector. The market watchdog’s first audit quality review report since the regulations came into play last year found “the majority of audit firms reviewed require significant improvements to fully comply with Auditing and Assurance Standards.” The regulator ac...

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