Saturday December 7, 2019

Accountancy and audit profession faces major reform

Improved transparency and better public oversight are among the benefits of new EU regulations covering auditors

Daniel Murray

Business Reporter

1st December, 2019
Kevin Prendergast. Picture: Fergal Phillips

Kevin Prendergast is somebody you are going to be hearing a lot more from. The chief executive of the Irish Auditing and Accounting Supervisory Authority (IAASA) is about to usher in a new era for the audit and accountancy profession in Ireland.

As part of significant reforms across Europe, the regulator has been given new powers - and he is ready to use them.

He does so as auditing scandals in Britain have led to...

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