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Such identification of auditors has been going on for many years in Sweden, where nearly all companies, private and public, are required to disclose their audits.
Ivor Pether, a fund manager at Royal London, said: "The role of auditors has been a weakness in the past that was allowed to continue.
A chief source of frustration for foreign auditors has been the delays in carrying out reforms and an apparent reluctance by the government to reduce the country's public payroll.
Similar(57)
The auditors had been fooled.
Auditors have been implicated in fraud after fraud.
Auditors have been good (perhaps too good) at helping their clients solve tricky problems.
Just as at Longtop, it appeared that auditors had been given false confirmation letters.
Federal auditors have been complaining about this problem for several years.
Pentagon auditors have been investigating allegations of lax financial controls and systemic over-billing.
Auditors had been hired, costing millions of dollars, to create stand-alone financial statements for the spinoff candidates.
Two of the global accounting firm's auditors have been arrested in connection with the Satyam fraud.
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