Alumni audits

摘要

Accountancy has been monitoring the number of FTSE 100 companies that are audited by a firm with connections with their finance director since 2003.The survey began amid concerns over auditor independence in the wake of the Enron collapse. Of particular concern was whether companies and their auditors enjoyed too familiar a relationship, and whether the independence of auditors could be compromised when partners or staff who had been involved in the audit of a company later took up a position with their former client.