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Richard J Murphy
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Comments by "" (@charliemoore2551) on "UK auditors are rubbish at their jobs" video.
The system is absolutely ridiculous. It's the equivalent of allowing schoolchildren to hire and fire their own exam invigilators and markers. In the 1990s I worked in the tax department of a big six accountancy firm. We, along with all other departments, were essentially subordinate to the audit function - which was huge. Audit managers were situated within the clients' premises and there was a revolving career door where they would often get progression by getting employed by the client. Certainly not in their interest to point out transgressions! At the very least, auditors have to be appointed by government and not allowed to undertake any other work for that company but, in my view, the function is ideally suited to being run as a civil service function with no wriggle room for the client to pick and choose at all.
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