September 27, 2021

Big Audit model

Audit Market Caps In the UK: The Financial Times Fails a Math Test

“The Glacial Pace of Audit Reform Needs To Speed Up” The Financial Times might wish to reconsider this headline, above its editorial of late last week. Global climate change considered, the metaphor may be more apt than intended, as the likely fate of the world’s glaciers is their tragic and accelerating collapse into muddy puddles amid massive fields […]

Can the Big 4 Survive the U.K. Regulators?

Ed. note: Jim Peterson, a 19-year veteran of Arthur Andersen’s internal legal group, has been writing since 2002 about the issues and challenges confronting the Big Audit model, including as an occasional guest here. Since last winter, Jim has been covering the intense public criticism in the U.K. of the performance and business model of […]

Why Grant Thornton Quitting As Auditor of Sports Direct Matters

In an ordinary midsummer news slump, only yawning disinterest would greet the July 29 news of Grant Thornton’s notice to the U.K. authorities of its intent to resign as auditor of troubled retailer Sports Direct International plc. The times are not ordinary; the cauldron of auditor criticism has bubbled since the collapse of Carillion in […]