The mps' third banking crisis report casts doubt on the worth of the audit and pushes for a ban on auditors' lucrative non-audit services.rnIn a defence that starkly echoes that of MPs over their expenses claims, that they were simply 'following the rules', the audit profession has vigorously defended its role in the banking crisis. While a key report concluded that auditors 'have not failed in their duties', it has led to serious questions about how useful audits actually are.
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