Auditors: Market Concentration and Their Role

24 Sep 2010

Source: UK House of Lords

The narrow field of choice in audit raises concerns about competition and the quality of audited accounts, and about possible conflict of interest between audit and consulting arms. Questions have also arisen whether auditors could have mitigated the banking crisis of 2008 by alerting investors to the riskiness of the assets held by banks.

Deadline: 24 September 2010