Better competition between audit
firms is not the answer to raising the quality of audit work, argues
Emile Woolf
Have auditors learned more from the 2008 financial crash than
economists? The high priests of the dismal science refuse to recognise
that the world has changed, though their discredited theories continue
to collapse about their ears. Any serious examination of the causes
of collapse is not in the university syllabus, which now reads more
like a mathematics branch line.
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