AccountancyAge is reporting that the UK and Ireland IIA’s chief executive Ian Peters recently made a statement on the contentious issue of having external auditors provide internal audit services: Internal auditors answer to management and the non-executive directors… external audit reports to shareholders. Merging these two important functions has the potential to cause serious conflicts […]
Tag: external audit ↓
IIA: Keep internal and external audit separate">IIA: Keep internal and external audit separate
September 4th, 2009 · 2 Comments
Category: Governance
Tags: external audit, IIA, independence, internal audit, KPMG, rentokil
Rentokil-KPMG deal seen to threaten independence
August 6th, 2009 · 2 Comments
The news that KPMG has snapped up the audit of Rentokil Initial from rival PwC brings with it renewed concerns around the independence of firms providing additional services as well as opining on financial statements. Under the arrangement KPMG would undertake all the statutory responsibilities associated with an external audit, while also ‘delving deeper’ and […]
Category: Auditing
Tags: ethics, external audit, independence, internal audit, KPMG, PwC, Rentokil Initial
