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Global regulators to press ahead with audit standards reform

Reuters  |  LONDON 

By Huw JonesLONDON (Reuters) - Global financial regulators will press ahead with reforming how company auditing rules are written to create a more independent standard setting system and curb the influence of accountants.Audit rules are currently written under the umbrella of the International Federation of Accountants (IFAC), a global body that represents a profession dominated by the "Big Four" - PwC, Deloitte, KPMG and EY - which also check the books of nearly all blue chip companies globally.Regulators from across the world who form a "Monitoring Group" that oversees IFAC, held a public ...

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First Published: Mon, June 11 2018. 22:39 IST