Bad audits undermine our faith in an entire profession
As the HSE’s director of internal audit, I’ve seen how audit failure leads to a loss of transparency and integrity in results
You have accounts. And then you have audited accounts. They are two entirely different things. The addition of one small word “audited” implies trustworthiness, reliability and confidence. Or rather, it should.
The importance of audited accounts cannot be overestimated. Regardless of the sector or industry they relate to or whether the organisation is a public body, commercial body, listed company or registered company, they are relied on by stakeholders, funders and members of the public.
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