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October 14, 2010

Government enquiry to hear from institutes

A UK government probe into the audit market turns its focus on the thoughts of professional accountancy bodies on Tuesday.

The committee is expected to ask institute chiefs if there is adequate competition in the audit market, whether they feel there is a conflict between audit firms offering clients non-audit services and whether the Big Four have too much influence over professional bodies.

The witnesses include Institute of Chartered Accountants in England and Wales executive director Robert Hodgkinson, Institute of Chartered Accountants in Scotland senior vice-president Ian McLaren, Association of Certified Chartered Accountants chief executive Helen Brand and Chartered Institute of Management Accountants chief eexecutive Charles Tilley.

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