AUDIT MUST CHANGE – BUT DON’T LOOK TO THE BIG FOUR

“I felt like a number to them. They have no interest in our business and what we do.” “It’s time-consuming for me, but more stressful for the financial controller.” “I’d describe it as a necessary evil.” These are just a handful of the responses we received when we...

YOU’RE PAYING TO TRAIN THEIR STAFF

It’s not your job to train audit staff. So why are you paying an average of £100 an hour to do it? There’s an old joke about consultants: you ask a consultant what time it is. They take your watch, tell you the time, and walk off with the watch. That’s clearly...

AUDIT, DRONES, AND BELGIAN FISH

This January, PwC revealed it had used drones for the first time in an audit, with “groundbreaking” results. But was this really a benefit to the client and an efficient use of resources, or was it just a PR gimmick? Of course, drones and other emerging technologies...