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Another pitch for audit work went further.
Instead, the commission called for more audit work to be overseen by the Financial Reporting Council or the government, more nuanced audit reports and an expanded role for audit committees.
"All contact," sad Filkin, "should be available for audit".
Also for pure auditing services as well as for audit quality tax knowledge is particularly relevant.
This suggests consistent with Goodwin and Wu (2014) that individuals are more important for audit outcomes than audit firms or local audit offices.
Need for audit systems.
The commission has said there should be a compulsory tender of the audit every 10 years, but no obligation for the auditor to change, despite a call from leading shareholders for a mandatory rotation.
A decade ago, there was an obligation for "best execution" of orders.
Europe's no longer an obligation for it.
"It is an obligation for us to obtain results".
"There is no obligation for either party.
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