Who audits the auditors?

The work of auditors has come under intense scrutiny, with many people questioning their role in the banking crisis

1st May, 2010

There is a well-known joke in accountancy circles: why did the auditor cross the road?

Because he looked in the file and that’s what they did last year.

It may be only a joke, but it conveys some of the cynicism which has come to surround the audit process. As questions are raised in political and business circles about the auditing of Ireland’s banks, there is a growing perception that sticking to a...

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