The new president of Chartered Accountants Ireland has defended the auditing profession from public criticism concerning conflict of interest. Speaking to The Sunday Business Post, Conall O’Halloran, who is also a partner with KPMG, said recent scandals in Britain had given the profession a bad name and that auditing was a public service that required public trust.
“If we are not seen to be objective, then what we do doesn’t matter,” he said....
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