Role of auditors needs defining after FAI fiasco
Sanctions are paltry and unconvincing
The opening of the books at the Football Association of Ireland (FAI) last month exposed the latest example of the death-defying financial acrobatics that have been performed at a number of Irish organisations. The FAI revelations followed major account-keeping scandals at Anglo Irish Bank, Console and the National Association of General Practitioners, to name a few.
What is more incredible is that identifying these stunts is increasingly interpreted as beyond the responsibility of auditors, whose...
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