Have giant corporations outgrown the ability of even the largest audit firms to report safely on their accounts? Complexity, geographical reach, exponential growth in the number and size of transactions leave auditors struggling to do justice to their authentication processes. The greater the size of the client entity, the more that can go wrong.

This correlates with a liability exposure out of proportion to both culpability and the resources needed to survive an unimaginable level of claims. Although this risk has been staring auditors in the face for years, it has been met by a steadfast reluctance to come up with a more secure auditing paradigm.